LBFL approves 15pc dividend
LankaBangla Finance Limited (LBFL) has approved 15 per cent dividend - 7.50 per cent cash dividend and 7.50 per cent stock dividend - for its shareholders for the year that concluded on December 31, 2017 .
The approval came at the 21st Annual General Meeting (AGM) of the company held at MIDAS Centre in the capital recently, said a press release.
LBFL Chairman Mohammad A Moyeen presided over the meeting in presence of a large number of shareholders.
The company's directors Mahbubul Anam, IW Senanayake, Zaitun Sayef and Khwaja Shahriar and Managing Director and CEO Mostafa Kamal also attended the AGM.
The Chairman discussed the performance of the company. In 2017, consolidated profit after tax stood at Taka 1,926.29 million compared to Taka 795.64 million in 2016. Earnings Per Share amounted to Taka 5.97 compared to Taka 2.50 during the previous year.