Dhaka, Bangladesh (BBN)- The shareholders of Meghna Cement Mills Limited (MCML) has approved 25 percent cash dividends for the year ended on December 31, 2011.
The approval came at its 20th Annual General Meeting (AGM) held on the factory premises in Mongla Port Industrial Area of Bagerhat on Thursday.
The directors’ report as well as the audited accounts of the company for the year were received and adopted in the AGM.
According to the report, the company was able to earn a net profit of BDT 66.50 million in the past year compared to BDT 50.20 million in the year 2010, registering an annual increase of around 32.47 percent.
The present issued, subscribed and paid-up share capital of the company is BDT 22, 50, 04,000 and the total number of shareholders is 12386 as of June 4, 2012. MCML has recommended 25 percent cash dividends on per value of the shares of this company for the year 2011.
Mahaboob Morshed Hasan, sponsor-director of the company, presided over the AGM. Among the directors, Mustifizur Rahaman FCA, Eng. Md. Mahbub-uj Zaman and Asraf Hossain FCA and company shareholders were present on the occasion.
BBN/SSR/AD-22June12-12:28 pm (BST)
