IDCOL earns Tk. 3.98bn net profit in FY 2021
Infrastructure Development Company Limited (IDCOL) has earned Tk. 3.98 billion (Tk. 397.67 crore) profit in the fiscal 2021.
The company also declared dividends for a total amount of Tk. 100 crore from the profit made by the company during FY 2021, said a press release.
The announcement came at its twenty-fifth annual general meeting (AGM) held in the capital on Monday.
Fatima Yasmin, chairman of IDCOL and Secretary of Economic Relations Division, presided over the meeting.
During the FY 2021 Company’s profit before tax and provision was Tk. 397.67 crore. The AGM declared the dividends for a total amount of Tk. 100 crore from the profit made by the company during FY 2021.
The dividends are as follows: An amount of Tk. 50 crore to be paid to the government as cash dividend; and an amount of Tk. 50 crore be used for increasing the company’s paid-up capital to
Tk. 788 crore from the existing Tk. 738 crore by way of issuing bonus shares.
IDCOL Chairman Fatima Yasmin along with Dr Ahmad Kaikaus, shareholder, IDCOL and Principal Secretary to the PM, Prime Minister’s Office, Abu Hena Md Rahmatul Muneem, shareholder, IDCOL and Chairman, National Board of Revenue (NBR), Abdur Rouf Talukder, Director and Shareholder, IDCOL and Senior Secretary, Finance Division, M Tofazzel Hossain Miah, Director and Shareholder, IDCOL and Secretary, Prime Minister’s Office, Md Habibur Rahman, Director and Shareholder, IDCOL and Secretary, Power Division, Tapan Kanti Ghosh, Shareholder, IDCOL and Secretary, Ministry of Commerce, Abdul Baki, Director and Shareholder, IDCOL and Additional Secretary, Economic Relations Division, Nihad Kabir, Director and Shareholder, IDCOL, Abdul Haque, Director and Shareholder, IDCOL, AKM Nurul Fazal Bulbul, Director and Shareholder, IDCOL and Alamgir Morshed, Executive Director and CEO, IDCOL attended the meeting.