Scam-hit Global Leasing and Monetary Services Restricted (ILFSL) reported a profit for the April-June quarter of this twelve months, marking its first profit since 2018.
The non-monetary institution monetary institution said in a disclosure that filing on the Dhaka Stock Exchange (DSE), its consolidated rep profit was Tk7.52 crore in the 2nd quarter of this twelve months, a turnaround from an absence of Tk13.40 crore in the an identical duration last twelve months.
As the corporate posted profit after a truly prolonged time, its fragment jumped over 4% to attain Tk4.60 on Sunday on the DSE.
Its consolidated rep asset worth per fragment stood at a detrimental Tk181.16 on the end of June 2024.
The corporate further said it incurred a loss in the first quarter of this twelve months and posted a Tk41 crore loss.
On the end of the first half of, its consolidated loss stood at Tk33.77 crore and loss per fragment of Tk1.52, based fully on the corporate’s monetary assertion.
In the period in-between, Global Leasing couldn’t imply any dividend for its shareholders for the twelve months 2023 as it incurred an absence of Tk245 crore. It has not paid dividends to the shareholders since 2018.
The corporate has mounted its annual overall meeting (AGM) on 30 September this twelve months. The yarn date is 26 September.
Global Leasing, allegedly looted and devastated by PK Halder and his pals, owes spherical Tk4,300 crore to its depositors and lenders and is struggling to pay them reduction.
To rescue the struggling monetary institution, the court docket had appointed Khandaker Ibrahim Khalid, a inclined Bangladesh Bank governor, as its chairman. Nonetheless, he attributable to this fact resigned from the direct.
After that, the central monetary institution appointed inclined secretary Md Nazrul Islam Khan as the corporate’s chairman in 2020 to get better as many company property as likely from defaulting purchasers.
In September 2022, the corporate made up our minds to offer ownership to its depositors and lenders against not lower than half of of the liabilities, based fully on a company legit.
