Dhaka, Bangladesh (BBN) – Fu Wang Food has approved 20 percent stock dividend for its share holders for the year that ended on June 30, 2011.
The approval came at the 15th annual general meeting (AGM) held at the Bangabandhu ‘International Conference Centre in the capital Dhaka on Sunday with its chairman Rokeya Asraf in thechair.
The chairman informed that the company continued to remain strong in all key areas and she also grateful to the shareholders for all out support.
The shareholders present in the meeting appreciated the overall performance of the Company. They also put forward a number of suggestions for making the company more vibrant in its future activities.
They also urged the directors to fulfill the requirement of minimum 2.0 percent shares of the company to comply with the regulator’s recent directive.
The company’s net profit after tax of BDT 78.88 million, EPS of BDT 1.92, NAV per share of BDT 14.93 for the year that ended on June 30, 2011 as against BDT 26.83 million, BDT 0.65, BDT 13.96 and BDT 4.21 respectively for the year that ended on June 30, 2010.
BBN/BB/SI-25Dec11-7:35 pm (BST)