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The Financial Express
Swasti Lankabangla Swasti Lankabangla

DSE sends Familytex to ‘Z’ category

| Updated: December 07, 2019 10:48:10


DSE sends Familytex to ‘Z’ category

Familytex Bangladesh has been placed in ‘Z’ category from existing ‘B’ category with effect from December 08 (Sunday) as the company has recommended no dividend for the year ended on June 30, 2019.

The stock brokers and merchant bankers are also requested to abstain from providing loan facilities to purchase securities of Familytex with effect from December 08 as per securities regulator’s directive in this regard.

The board of directors has recommended no dividend for the year ended on June 30, 2019, said an official disclosure on Thursday.

The annual general meeting (AGM) will be held on December 31 at 10:30am in Chattogram. The record date is on December 26.

The company has also reported EPS of negative Tk 0.079, NAV per share of Tk 11.63 and NOCFPS of negative Tk (0.12) for the year ended on June 30, 2019 as against Tk negative 0.072, Tk 12.29 and negative Tk 0.08 respectively for the same period of the previous year.

Each share of the company closed at Tk 2.70 each on Wednesday at the Dhaka Stock Exchange.

Its share traded between Tk 2.10 and Tk 6.0 in the last one year.

The company disbursed 5.0 per cent stock dividend for the year ended on June 30, 2018.

The company’s paid-up capital is Tk 3.54 billion and authorised capital is Tk 4.0 billion, while the total number of securities is 354.16 million.

The sponsor-directors own only 4.02 per cent stake in company, while institutional investors own 18.41 per cent, and the general public 77.57 per cent as on October 31, 2019, the DSE data shows.

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