Dhaka, Bangladesh (BBN)– Square Pharmaceuticals Limited has approved cash dividend at the rate of 30 percent and stock dividend (bonus share) at the rate 35 percent for its shareholders for the year ended March 31, 2011.

The approval came at the 45th Annual General Meeting of the company held on its factory premises, Board Ghar Bazar, Kaliakoir, Gazipur on Wednesday, a company statement said.

The AGM was presided over by the Vice Chairman of the company Samuel S Chowdhury. Tapan Chowdhury Managing Director; Ratna Patra, Director, Anjan Chowdhury, Director, Kazi Iqbal Harun, Director; K. M. Saiful Islam, Director; Md. Kabir Reza, Director (A&F) and Khandaker Habibuzzaman, Company Secretary attended the meeting.

The gross profit, net profit (before tax) and net profit (after tax) for the year 2010-2011 were BDT 5767.76 million, BDT 3,414.75 million and BDT 2,532.05 million respectively. Net sales and net profit rose 17.53 profit and 21.27 percent respectively during the year 2010-11.

During the year under review, the exports amounted to BDT 442.43 million as against BDT 364.54 million, a 21.37 percent increase, the company said.

BBN/SSR/AD-22Sept11-10:58 am (BST)