Dhaka, Bangladesh (BBN) - The state-run Investment Corporation of Bangladesh (ICB) during the FY 2011-12 has earned a net profit of BDT 3.94 billion, which is 2.3 percent higher than the restated net profit of BDT 3.85 billion earned in 2010-11.
This was disclosed at the 36th annual general meeting (AGM) of the company held at the city's Hotel Purbani in Dhaka on Saturday. The meeting was presided over by Dr SM Mahfuzur Rahman, Chairman, Board of Directors of the Corporation. The meeting was attended by Managing Director of ICB Mr Md Fayekuzzaman and other directors of ICB. A large number of shareholders attended the meeting and took part in discussions.
The shareholders in the AGM approved 50 percent dividend (25 per cent stock and 25 per cent cash) for the year.
Earlier, the corporation declared very attractive dividends for all its eight mutual funds and on the unit fund. Of them ICB First Mutual Fund declared 600 per cent cash dividend, which is the highest cash dividend in the country during 2011-12, the company said.
The shareholders discussed various aspects of the annual report and audited accounts of ICB and its subsidiary companies for the year 2011-12. They expressed their satisfaction for continuous growth and its pivotal role in the capital market.
BBN/SSR/AD-21Oct12-11:50 am (BST)
