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The Financial Express

Marico Bangladesh to invest Tk 294m in capacity expansion

| Updated: March 04, 2019 17:04:35


Marico BD to invest Tk 294m in capacity expansion

The board of directors of Marico Bangladesh Limited has decided to invest Tk 294 million from the available funds of the company with an aim to increase the capacity at its factory locations at Mouchak and Shirirchala, said an official disclosure on Sunday.

Marico Bangladesh, which was listed on the Dhaka Stock Exchange (DSE) in 2009, disbursed 250 per cent interim cash dividend for the year ending on March 31, 2019 based on six months of financials ended on September 30, 2018.

In 2018, the company also disbursed 600 per cent cash dividend.

Each share of the company closed at Tk 1310.10 each on Wednesday last.

The company’s earnings per share (EPS) stood at Tk 16.47 for the October-December period of 2018 as against Tk 11.18 for October-December 2017.

In nine months for April-December 2018, its EPS was Tk 49.39 as against Tk 41.38 for April-December 2017.

The net operating cash flow per share (NOCFPS) was Tk 61.88 for April-December 2018 as against Tk 57.47 for April-December 2017.

The net asset (NAV) per share was Tk 46.77 as on December 31, 2018 and Tk 47.38 as on March 31, 2018.

The company’s paid-up capital is Tk 315 million and authorised capital is Tk 400 million while the total number of securities is 31.50 million.

The sponsor-directors own 90 per cent stake in the company, while the institutional investors own 2.77 per cent, foreign 6.54 per cent, and the general public only 0.69 per cent as on January 31, 2019, the DSE data shows.

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