Dhaka, Bangladesh (BBN)- Bangladesh’s two more textile companies – Argon Denims and Evince Textiles --have recommended dividend for the year ended on June 30, 2017, according to separate official disclosures.
Argon Denims: The board of directors of Argon Denims has recommended 12.50 percent cash and 5.0 percent stock dividend for the year ended on June 30, 2017.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on October 30. Time and venue will be notified later. Record Date: 12.10.2017.
The record date for entitlement of dividend is on October 12, 2017.
The company has also reported earnings per share (EPS) BDT 3.06 and net asset value per share (NAV) per share of BDT 25.80 and net operating cash flow per share (NOCFPS) of BDT 3.99 for the year ended on June 30, 2017 as against BDT 2.74, BDT 27.10 and BDT 3.91 respectively for the same period of the previous year.
Each share of the textile company, which was listed on the Dhaka bourse in 2013, closed at BDT 35 on Thursday at DSE.
Evince Textiles: The board of directors of Evince Textiles has recommended 10 percent stock dividend for the year ended on June 30, 2017.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on October 30. Time and venue will be notified later. Record Date: 12.10.2017.
The record date for entitlement of dividend is on October 12, 2017.
The company has also reported consolidated earnings per share (EPS) of BDT 1.28, consolidated net asset value (NAV) per share of BDT 14.73 and consolidated net operating cash flow per share (NOCFPS) of BDT 2.78 for the year ended on June 30, 2017 as against BDT 1.40, BDT 14.28 and BDT 0.80 respectively for the same period of the previous year.
Each share of the textile company, which was listed on the Dhaka bourse in 2016, closed at BDT 19.60 on Thursday at DSE.
BBN/SSR/AD