Dhaka, Bangladesh (BBN)- The board of directors of the Investment Corporation of Bangladesh (ICB) in its meeting held in the city recently has approved the balance sheet and profit & loss account of the corporation for the FY 2011-12.
The board was told that ICB has earned BDT 3.94 billion as net profit for the year ended 30 June, 2012 which was BDT 3.85 billion (restated) in the last year showing an increase of 2.30 per cent, according to a press statement.
The board has recommended cash dividend BDT 25.00 per share of BDT 100.00 each and stock dividend 25 percent (i.e 25 bonus share for every 100 ordinary shares) for the FY 2011 12.
The record date is fixed on October 3, 2012 and the thirty sixth annual general meeting (AGM) of the corporation will be held on October 20, 2012 at 11:00 am at ‘Jalsha Ghar’, Hotel Purbani International in Dhaka.
Three subsidiary companies of ICB have been performing profitably. The ICB board opined that this attractive earning was possible for the prudent management and professional commitment of all employees of the corporation.
BBN/SSR/AD-23Sept12-10:30 am (BST)
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