DESCO declares 15pc dividend

Dhaka, Bangladesh (BBN)– The board of directors of Dhaka Electric Supply Company (DESCO) recommended 5.0 percent cash dividend and 10 percent stock dividend for the year ended on June 30, 2014, said an office disclosure on Tuesday.

The company said that the date, time and venue of the AGM will be notified later. Record Date: 13.11.2014.

The company has also reported net profit after tax of BDT 668.64 million, EPS of BDT 1.94, NAV per share of BDT 32.82 and NOCFPS of BDT 7.65 for the year ended on June 30, 2014 as against BDT 804.65 million, BDT 2.34, BDT 35.97 and BDT 10.77 respectively for the year ended on June 30, 2013.

There was no price limit on the trading of the shares of the company today (Tuesday) following its corporate declaration.

Each share of the company closed at BDT 68.6 on Tuesday, registering 9.52 percent rise from the previous day.

BBN/SSR/AD-14Oct14-5:26 pm (BST)

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