Dhaka, July 14 (UNB) - Prime Finance and Investment Ltd, a leading financial agency in the country, returned to profit spree in 2018 financial year by overcoming losses in the last few years, said a company statement on Sunday.
The company management made the announcement in line with the audited financial statement approved in its 23rd Annual General Meeting (AGM) held recently in the capital presided over by Mohammad Masudur Rahim, the Chairman of Board of Directors.
Rahim announced that Prime Finance made Tk 5.89 crore in profit last year.
He said restructuring of the board, adopting a five-year plan and its implementation, recovery of default loans, proper management of subsidiaries and associate companies and cost-cutting policy have contributed to the company’s ambition to overcome losses and make profit.