“I am ecstatic as the 49 per cent profit growth came in a difficult year,” Arif Khan, managing director and chief executive officer of IDLC Finance, told Dhaka Tribune yesterday. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows. Subsequently, the company announced a 35 per cent cash dividend for the year, which is the same as in the previous two years. Shares of IDLC Finance, which got listed in 1992, gained 41.2 per cent in 2020. Yesterday, they closed at Tk 70, down about 1.3 per cent from the previous session.

Source: Dhaka Tribune February 17, 2021 18:45 UTC