LB finance

First and final dividend proposal

L.B. Finance has recommended a payment of Rs. 3 per share as a first and final dividend to the shareholders for the financial year ended March 31, 2009.

The Board of Directors have proposed this dividend to be approved at the Annual General Meeting. The Finance Company celebrated its 38th anniversary on May 30. The Monetary Board Registered Finance Company accepts public deposits, and engage in Leasing, Hire purchase, Pawn broking, Real Estate Development, Insurance Handling, Inward Money Transfers and Mortgage loans.

A dividend of Rs.2.25 per share was paid to the shareholders for the year ended March 31, 2009.

Well directed growth oriented business strategies and cost control mechanism introduced in the year under review were the main attributes to the performance of the company. The stated capital of the company stands at Rs.491,996,449 as at March 31, 2009.