Sonali Aansh recommends 10pc cash dividend

FE Online Report | Published: December 03, 2017 11:15:26 | Updated: December 03, 2017 18:58:52


The board of directors of Sonali Aansh Industries Limited has recommended 10 per cent cash dividend for the year ended on June 30, 2017, said an official disclosure on Sunday.

The final approval of recommended dividend will come during the annual general meeting scheduled to be held on December 31 at 11:30am in Dhaka.

The record date for entitlement of interim dividend is December 20, 2017.

The company has also reported earnings per share (EPS) of Tk 1.65, net asset value (NAV) per share of Tk 225.19, and net operating cash flow per share (NOCFPS) of Tk 31.06 for the year ended on June 30, 2017 as against Tk 1.59, Tk 224.54 and Tk 35.33 respectively for the same period of the previous year.

In 2016, the textile company disbursed 12 per cent cash dividend.

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

Each share of the company, which was listed on the Dhaka bourse in 1985, closed at Tk 247.70 each on Thursday at the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 27.12 million and authorised capital is Tk 100 million, while the total number of securities is 2.71 million.

Sponsor-directors own 55.86 per cent stake in the company while the institutional investors own 5.63 per cent and the general public 38.51 per cent as on October 31, 2017, the DSE data shows.

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