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The Financial Express

Berger Paints Bangladesh declares 295pc cash dividend

| Updated: July 29, 2020 17:35:15


Berger Paints Bangladesh declares 295pc cash dividend

Rupali Chowdhury presided over the 47th AGM of Berger Paints Bangladesh Limited on Tuesday. Chairman of the Board Gerald K ADams along with other directors Anil Bhalla, Jean-Claude Loutreuil, Anis A. Khan, Masud Khan, Rishma Kaur, Kanwardip Singh Dhingra and Abdul Khalek and Chief Financial Officer Sazzad Rahim Chowdhury and Company Secretary Khandker Abu Jafar Sadique also attended this meeting.

The 47th Annual General Meeting (AGM) of Berger Paints Bangladesh Limited was held on Tuesday through digital platform. Rupali Chowdhury, Managing Director, Berger Paints Bangladesh Limited presided over the meeting, said a statement.

Chairman of the Board Gerald K Adams along with other directors Anil Bhalla, Jean-Claude Loutreuil, Anis A. Khan, Masud Khan, Rishma Kaur, Kanwardip Singh Dhingra, Sunil Sharma, Parveen Mahmud and Abdul Khalek also attended the meeting.

A total of 295 per cent cash dividend was declared for 2019-2020 in the meeting. During the year ended March 31, 2020, net profit growth was 16.72 per cent whereas sales growth was 6.13 per cent. This was the result of continuous efforts to optimize cost while remaining competitive in the market.

Rupali Chowdhury presented the Directors' Report, Auditors' Report and Audited Financial Statements for the year ended March 31, 2020 before the shareholders. Rupali Chowdhury replied to the shareholders' queries.

Moreover, during the year, Berger Paints Bangladesh Limited received Top VAT Payer Award under manufacturing category from the Government of Bangladesh. Berger Paints Bangladesh Limited also received 'ICMAB Best Corporate Award 2018' in the category of multinational manufacturing industries for its sales & financial performance, contribution to national exchequer, HR management, corporate governance, shareholders' return, investment growth and CSR activities. Berger Paints has won auspicious "Best Brand Award" in paint category for the 8th consecutive year.

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