United Finance profit down 13.66%
Despite the decline in profit, the company has recently declared a 10% cash dividend for shareholders
The profit of United Finance Limited, a non-banking financial institution, decreased by 13.66% in 2020.
Despite the decline in profit, the company has recently declared a 10% cash dividend for shareholders.
The decision came at the end of a recent meeting of the company board of directors.
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According to the company's financial estimates, United Finance's profit in 2020 was Tk21.12 crore and its earnings per share was Tk1.13.
The company's net asset value per share stood at Tk17.11 up from Tk16.98 in the previous year.
In 2019, the company profit was Tk24.46 crore and its earnings per share was Tk1.31. United Finance paid a 10% cash dividend to its shareholders that year too.
According to the company, its annual general meeting will be held on May 5. The time and place will be announced later.
The record date for the shareholder election to receive dividends has been set at 11 April.
United Finance was listed with the stock exchange in 1994. It is currently listed under 'A' category.
As of February this year, the sponsors and directors held 51.83% of the company's total 187,114,615 shares.
Institutional investors have 19.45% and general investors have 28.72% shares.
