Dhaka, Bangladesh (BBN): The Board of Directors of Bangladesh Shipping Corporation (BSC) has recommended cash dividend @ 10 per cent (i.e. Tk. 10.00 per share of Tk. 100.00 each) for the year ended on June 30, 2012.
The Annual General Meeting (AGM) will be held on May 8, 2013, at 11 am at the "Shaheed Mohammad Fazlur Rahman Munshi Auditorium", Chittagong Port Area in Chittagong. Record date: 06.03.2013.
The Company has also reported net profit of Tk. 14.60 million, EPS of Tk. 1.77, NAV per share of Tk. 565.82 and NOCFPS of Tk. (49.10) for the year ended on June 30, 2012.
The Board has also approved the revaluation of the Company's assets and liabilities. After revaluation, total value of assets is BDT 1101,23,86,923.00, total value of liabilities of BDT 186,03,05,441.00 i.e. Net Asset Value is BDT 915,20,81,482.00 and NAV per share is Tk. 1,106.13.
It is to be mentioned that conversion of Government Equity to share is under process. After conversion, number of shares will be 1,36,19,200, Government holding will be 52.10 per cent and NAV per share will be BDT 672.00.
BBN/BB/AD/Feb14-13-11.25am (BST).