Bata Shoes’ annual profit drops 26pc in 2024
The shoemaker declares 105pc final cash dividend
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Bata Shoe Company (Bangladesh) reported 26 per cent lower profit year-on-year at Tk 296 million in 2024, and the board declared a 105 per cent final cash dividend for the year.
The multinational footwear maker earlier paid a 340 per cent interim cash dividend, taking the total cash dividend to 445 per cent for 2024.
Thus, earnings per share stood at Tk 21.62 for the year, down from Tk 29.31 in 2023, according to price-sensitive information published on Tuesday.
To approve the dividend, the company will hold the annual general meeting on 26 June, and the record date will be 26 May.
Its stock price rose 0.57 per cent to Tk 800 on Tuesday at the Dhaka Stock Exchange.
In 2023, the multinational shoe maker paid a 435 per cent cash dividend in total.