Square Textiles declares cash dividend

Square Textiles PLC declared 32 per cent cash dividend to its shareholders for the year ended June 30, 2024 at its 29th Annual General Meeting held under the virtual platform on Wednesday the 18th December, 2024.

The AGM was presided over by Chairman of the company Mr Tapan Chowdhury.

Mrs Ratna Patra, Vice Chairman; Mr Samuel S Chowdhury, Managing Director; Mr Abul Kalam Azad and Mr Muhammadul Haque, Independent Director; Mr Md Kabir Reza, Head of A&F; Mr Aminur Rahman, CFO; and Mr Sanjib Baran Roy, company secretary were present in the meeting.

The Turnover, Gross Profit and Net Profit (After Tax) for the year ended 30 June 2024 were Tk 18.93 billion, Tk. 2.33 billion and Tk 1.08 billion respectively. The Turnover, Gross Profit and Net Profit rose to 26.45 per cent, 24.45 per cent and 0.98 per cent respectively during the year under review.

The company contributed an amount of Tk. 264.93 million to the National Exchequer.

The Board of Directors appreciates the performance of the officers, staff and workers whose untiring efforts helped to optimize the profit of the Company. The Directors expressed their gratitude and acknowledged with keen interest the co-operation and unflinching support received from various agencies including the Bangladesh Securities and Exchange Commission, Stock Exchanges, National Board of Revenue, and other agencies of the public and private sector.

Shareholders attended the AGM and many of them took part in the discussion regarding company’s performance and future expansion.

At the end Mr Tapan Chowdhury, Chairman expressed their deep appreciation to shareholders for their trust and support to the company’s performance.