Annual Report 2016 of Premier Leasing & Finance Limited

It is a broadly described annual report of Premier Leasing & Finance Limited in the year of 2016. During the year 2016, PLFI contributed Taka. 38,057,136 only as Corporate Tax, Tk. 81,682,643 only as TDS, Tk. 3,331,099 only as Value Added Tax (VAT) and Tk. 4,600,531 only as excise duty total Tk. 127,671,409 only to the national exchequer as against Tk. 109,094,310 only for the year 2015. During the year 2016, Premier Leasing and Finance posted the consolidated pretax profit of Tk. 25.56 Crore only registering a growth of 20.09% over the previous year. The consolidated net profit after tax stood at Tk. 15.51 Crore, indicating a growth of 143.76% over the year 2015. Total investment size of the Company stood at Tk. 1,416 Crore as against Tk. 1,274 Crore in the year 2015. The shareholders’ equity in the Company stood at Tk. 153.98 Crore as on 31st December 2016 as against Tk. 138.50 Crore as on 31st December 2015.

The Board of Directors has recommended @10% Dividend (5% cash and 5% stock dividend) to the shareholders of the company for the year 2016. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.