Dhaka, Bangladesh (BBN)– ICB Securities Trading Company Limited has approved 200 percent stock dividend for the financial year 2009-2010 out of its net profit of BDT 387.038 million earned during the period.

The approval came at the 10th annual general meeting (AGM) of the Investment Corporation of Bangladesh (ICB) subsidiary held at its office recently.
The AGM was presided over by Dina Ahsan, chairman of the company. Kazi Sanaul Hoq, the chief executive officer (CEO), directors and shareholders were present at the meeting.

In 2008 2009, the total turnover of the company was BDT 85.12 billion and it whopped to BDT 228.73 billion in 2009-2010 registering a sharp increase of 168 percent, according to statistics.

The operating profit of the company in the year was BDT 439.848 million After deduction of income tax and other provisions, net income stood at BDT 387.038 million, a 106 percent up against the earning of 2008-09.

BBN/SSR/SI/AD-05Oct10-12:52 am (BST)