Dhaka, Bangladesh (BBN) – The board of directors of Generation Next Fashions Ltd has recommended 10 percent stock dividend for the year ended on June 30, 2018.

The final approval of dividend will come during the annual general meeting (AGM) scheduled to be held on November 22 at 11:00am at Ashulia in Dhaka, said an official disclosure on Tuesday.

The record date is on October 30, 2018.

The company has also reported earnings per share (EPS) of BDT 1.01, net asset value (NAV) per share of BDT 12.60 and net operating cash flow per share (NOCFPS) of BDT 0.09 for the year ended on June 30, 2018 as against BDT 0.54, BDT 11.59 and BDT 0.94 respectively for the same period of the previous year.

The company also disbursed 10 percent stock 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 2012, closed at BDT 7.80 on Monday, remaining unchanged over the day before.

The company’s paid-up capital is BDT 4.49 billion and authorised capital is BDT 5.0 billion, while the total number of securities is 449.97 million.

The sponsor-directors own 13.82 percent stake in the company while institutions own 23.49 percent and the general public 62.69 percent as on September 30, 2018, the DSE data shows.

BBN/SSR/SR