IDLC net profit grows 19pc
Industrial Development Leasing Company of Bangladesh Limited (IDLC) has achieved 19 percent growth in its net profit for the first six months of 2004, compared to the corresponding period of 2003. Operating profit of the company for the same period increased 23 percent whereas operational revenue grew by over 21 percent, says a press release. During the period, the company executed Tk 888 million against lease and term finance and disbursed Tk 235 million against real estate finance. Total assets of the company as on June 30, 2004 stood at Tk 6.5 billion, which is 20 percent higher than the amount of the previous year.
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