Dhaka, Bangladesh (BBN)-The United Power Generations & Distribution Company has recommended 80 per cent interim cash dividend out of the provisional net profit of the Company up to December 31, 2015, said an official disclosure on Thursday.
The company has decided to extend its financial year for 18 months ending on 30th June 2016 to comply with the Finance Act 2015.
Accordingly the AGM of 2016 will be held after completing the 18 months i.e. after June 2016.
The record date is on May 25.
The company has also reported earnings per share (EPS) of BDT 10.42, net asset value (NAV) per share of BDT 37.55 and net operating cash flow per share (NOCFPS) of BDT 9.44 for the period ended on December 31, 2015 as against BDT 7.55 (restated), BDT 29.04 (restated) and BDT 7.79 (restated) respectively for the period 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.
The power generation & distribution company made trading debut on April 5, 2015, with an offer price of BDT 72, including a premium of BDT 62 for each ten taka share under the book building method.
The company raised a fund worth above BDT 2.37 billion through IPO under book building method.
Wednesday’s closing price of each United Power share was BDT 159.80, losing 2.15 per cent over the previous session.