S. Alam Steels recommends 15pc cash div

Dhaka, Bangladesh (BBN): The Board of Directors of S. Alam Cold Rolled Steels has recommended 15 per cent cash dividend for the year ended on September 30, 2012, said an office disclosure on Tuesday.

The AGM will be held on 30 March, 2013, at 11am at the Safa Arcade, 94, Nawab Sirajuddowla Road, Chandanpura, Chittagong. Record date: 07.03.2013.
The Company has also reported consolidated net profit after tax of BDT 335.14 million, consolidated EPS of BDT 3.31, consolidated NAV per share of BDT 20.00 and consolidated NOCFPS of BDT 6.63 for the year ended on September 30, 2012 as against BDT 306.27 million, BDT 3.07, BDT 18.19 and BDT (2.77) respectively for the year ended on September 30, 2011 (restated).

There will be no price limit on the trading of the shares of the Company today.

BBN/BB/AD/26Feb-13-10.15pm (BST).

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