Dhaka, Bangladesh (BBN)-The board of directors of IDLC Finance has recommended 25 per cent cash dividend for the year ended on December 31, 2015, said an office disclosure on Monday.
The board has also decided to enhance its authorized capital to BDT 10 billion from existing BDT 4.0 billion by changing relevant clauses of the Memorandum and Articles of Association of the Company, subject to the approval of the regulatory authorities and the shareholders in the annual general meeting (AGM), said the disclosure.
The will be held on March 30 at 10am at Radisson BLU Dhaka Water Garden Hotel, Airport Road, Dhaka Cantonment.
The record date is on March 13.
The company has also reported consolidated net profit of BDT 1,459.22 million, consolidated EPS of BDT 5.81, consolidated net asset value (NAV) per share of BDT 30.97 and consolidated net operating cash flow per share (NOCFPS) of BDT 20.61 for the year ended on December 31, 2015 as against BDT 1,245.51 million, BDT 4.95, BDT 25.97 and BDT (1.69) respectively for the year ended on December 31, 2014.
There will be no price limit on the trading of the shares of the Company today following its corporate declaration.