HR Textiles recommends 10pc dividend

FE Online Report | Published: October 24, 2017 12:15:52 | Updated: October 25, 2017 05:09:02


The board of directors of HR Textile Mills Limited has recommended 10 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 January 22, 2018 at 11:00am at Spectra Convention Centre in Dhaka.

The record date for entitlement of dividend is on November 27, 2017.

The company has also reported earnings per share (EPS) of Tk 1.43, net asset value per share (NAV) per share of Tk 14.66 and net operating cash flow per share (NOCFPS) of Tk 9.45 for the year ended on June 30, 2017 as against Tk. 1.83, Tk. 14.23 and Tk. (1.47) respectively for the same period of the previous year.

In 2016, the company also disbursed 10 per cent cash dividend.

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

Each share of the company, which was listed on the Dhaka bourse in 1997, closed at Tk 31.80 each on Monday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 253 million and authorised capital is Tk 1.0 billion while total number of securities is 25.30 million.

The sponsor-directors own 51.04 per cent stake in the company, institutional investors own 11.61 per cent and the general public 37.35 per cent as on September 30, 2017, the DSE data shows.

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