Dhaka, Bangladesh (BBN) – The 17th annual general meeting (AGM) of Uttara Finance and Investments Limited was held at the Spectra Convention Centre in the capital on Sunday.
The meeting attended by a large number of shareholders and unanimously approved 40 percent stock dividend for the year 2011, the company said.
The total business exposure of Uttara Finance stands at BDT 7.180 billion in 2011 as against BDT 5.734 billion in 2010. Operating revenue of the company stands at BDT 2.838 billion in 2011 against BDT 2.447 billion in 2010 showing 16.01 percent growth over the last year.
In 2011 the company earned a net profit of BDT 811.26 million as against BDT 845.95 million in 2010. The net assets value (NAV) per share (BDT 10.00 paid up) at the end of 2011 stands at BDT 55.75.
The earnings per share (EPS) in 2011 reflects BDT 10.98 whereas the return on average equity is 21.84 percent.
Chairman of the board of directors of the company Rashidul Hasan outlined the future plans and programs of the company. He thanked all the shareholders for their past contribution and sought their cooperation to ensure further progress.
BBN/SSR/AD-28May12-8:05 am (BST)
