FE Report

Fareast Finance and Investment Limited (FFIL) earned a net profit after tax (NPAT) of Tk 50.25 million and disbursed Tk 610.30 million in the form of lease and term finances in 2008.

This was disclosed at the eighth annual general meeting (AGM) of the company at its registered office in the city recently, said a press release.

FFIL Board of Directors Chairman MA Khaleque presided over the meeting.

FFIL, a non-listed leasing and finance company, approved 40 per cent dividend in the form of bonus shares for its shareholders for the year 2008 in presence of the company's shareholders, auditors, managing director and company secretary.

The total investment portfolio of the company on outstanding basis at the end of the year 2008 stood at Tk 1,897.08 million, which was Tk 1,546.59 million in the year 2007.

FFIL growth rate in 2008 was 22.66 per cent over the previous year.