The New Nation - Internet Edition

BUSINESS REPORT

The 12th Annual General Meeting (AGM) of Prime Finance and Investment Limited was held recently at Bangladesh-China Friendship Conference Centre in the city.

The financial statements of the company for the year ended on December 31, 2007 were placed at the meeting and members made a critical review of the performance of the company.

To strengthen the capital base of the company the Board recommended 40 per cent stock dividend for the FY 2007. The shareholders approved the dividend for the year ended December 31, 2007. The AGM of the company became lively with the participation of a large number of members.

The meeting was presided over by Md. Aminul Haquet Chairman of the company. The chairman addressed the shareholders on another successful year of the company. The company's total business revenue was Tk. 724.42 million in FY 2007 as against Tk 445.16 million of FY 2006. The company achieved a strong growth in profit after tax during the FY 2007 representing 90 per cent growth over the last year. Total investment of the company stood at Tk 4,174.88 million in the FY 2007 as against 3,473.88 million in the FY 2006 showing an increase of 20.18 percent over the year 2006. Earnings Per Share (EPS) has increpsed to Tk. 59.89 in the FY 2007 as against Tk 33.99 of the previous year.

Among others, members of the Board KM Khaled, Mrs Muslima Shirin, Md Aliuzzaman, MNH Bulu, Mohammad Masudur Rahim, Md Azizur Rahman, Professor Salma Rahman, Dr M Mosharraf Hossain, Managing Director Md Akter Hossain Sannamat and Company Secretary Tauhidul Ashraf were also present.