Shahjibazar Power declares 30pc dividend

Dhaka, Bangladesh (BBN)- The board of directors of Shahjibazar Power Company Ltd (SPCL) has recommended 25 percent cash dividend and 5 percent stock dividend for the year ended on June 30, 2014, said an office disclosure on Monday.
The AGM will be held on January 29, 2015 at 11am at the Factory premises of the Company at Fatepur, Shahjibazar, Madhabpur, Hobigonj. Record Date: 27.11.2014.
The company has also reported net profit after tax of BDT 470.92 million, EPS of BDT 4.13, NAV per share of BDT 28.17 and NOCFPS of BDT 16.42 for the year ended on June 30, 2014.
The company has also reported that the said EPS has been calculated based on Weighted Average Pre-IPO paid up number of Shares i.e. 114,118,000 shares. However, considering Post-IPO 126,798,000 number of shares, Company’s basic EPS would be BDT 3.71.
There will be no price limit on the trading of the shares of the company today (Monday) following its corporate declaration.

BBN/SSR/AD-03Nov14-12:29 pm (BST)

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