Dhaka, Bangladesh (BBN) - The board of directors of Bangladesh Lamps Ltd has recommended 20 percent cash dividend for the year ended on 30 June in 2018.
The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on December 06 at 11:00am in Dhaka, said an official disclosure on Wednesday.
The record date is on October 24 in 2018.
The company has also reported consolidated earnings per share (EPS) of BDT 4.32, consolidated net asset (NAV) per share of BDT 88.59 and consolidated net operating cash flow per share (NOCFPS) of minus BDT 25.01 for the year ended on 30 June 2018 as against BDT 4.20, BDT 93.71 and minus BDT 4.68 respectively for the same period of the previous year..
The company also disbursed 30 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 1981, closed at BDT 216.60 on Wednesday.
The company’s paid-up capital is BDT 93.71 million and authorised capital is BDT 500 million, while the total number of securities is 9.37 million.
The sponsor-directors own 61.96 percent stake in the company, institutional investors 12.35 percent, foreign 0.03 percent and the general public 25.66 percent as on August 31, 2018, the DSE data shows.
BBN/SS/ANS