ACME Laboratories recommends 35% cash dividend

Last updated: October 3, 2018

Dhaka, Bangladesh (BBN)- The board of directors of ACME Laboratories Limited has recommended 35 percent cash dividend for the year ended on 30 June 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 06 in Dhaka, said an official disclosure on Wednesday.

The record date is on October 31, 2018.

The company has also reported consolidated earnings per share (EPS) of BDT 6.74, consolidated net asset (NAV) per share of BDT 83.39 and consolidated net operating cash flow per share (NOCFPS) of BDT 7.46 for the year ended on 30 June 2018 as against BDT 6.61, BDT 80.13 and BDT 6.70 respectively for the same period of the previous year.

The company also disbursed 35 percent cash dividend for the year ended on June 30, 2017.

There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 2016 under the book building method, closed at BDT 89.20 on Tuesday.

The company’s paid-up capital is BDT 2.11 billion and authorised capital is BDT 5.0 billion, while the total number of securities is 211.60 million.

The sponsor-directors own 40.12 percent stake in the company, institutional investors 29.31 percent, foreign 1.37 percent and the general public 29.20 percent as on August 31, 2018, the DSE data shows.

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