7 years ago

ACME Laboratories recommends 35pc cash div

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The board of directors of ACME Laboratories Limited has recommended 35 per cent cash dividend for the year ended on June 30, 2017, said an official disclosure on Tuesday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 4 at 10:30am at PSC Convention Hall, Mirpur-14 in Dhaka.

The record date for entitlement of dividend is on October 31, 2017.

The company has also reported earnings per share (EPS) of Tk 6.61, net asset value per share (NAV) per share of Tk 80.13 and net operating cash flow per share (NOCFPS) of Tk 6.60 for the year ended on June 30, 2017 as against Tk. 6.55, Tk. 77.34 and Tk. 6.25 respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the company today (Tuesday) following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 2016, closed at Tk 113 on Monday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 2.11 billion and authorised capital is Tk 5.0 billion while total number of securities is 211.60 million.

The sponsor-directors own 39.95 per cent stake in the company, institutional investors own 26.90 per cent, foreign 3.45 per cent and the general public own 29.70 per cent as on September 30, 2017, the DSE data shows.

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