Dhaka, Bangladesh (BBN)-The Board of Directors of Wata Chemicals Ltd has recommended 30 percent stock dividend for the year ended on December 31, 2013, said a company disclosure on Monday.
The annual general meeting (AGM) of the company will be held on June 26 at 11:00am at the factory premises at Murapara in Rupganj of Narayanganj. Record date: 11.06.2014.
The company has also reported net profit after tax of BDT 29.78 million, EPS of BDT 6.13, NAV per share of BDT 119.82 and NOCFPS of BDT 10.99 for the year ended on December 31, 2013 as against BDT 20.00 million, BDT 4.12 (restated), BDT 110.86 (restated) and BDT 0.63 (restated) respectively for the year ended on December 31, 2012.
There will be no price limit on the trading of the shares of the company Monday following its corporate declaration.
Following its corporate declaration, the company’s share price shot up by 485.95 percent within first hour of trading on Monday. Sunday’s closing price was BDT 59.8 and its price stands at BDT 350.4 at 11:30am on Monday.
The Dhaka Stock Exchange (DSE) brought back Wata Chemicals Limited at the main market from the over-the-counter (OTC) on May 14 after around five years.
The Wata Chemicals was shifted to the OTC market with other 49 companies in 2009 due to failure to hold AGM, disburse any dividend and continue production.
Of the total shares - 50 percent shares of the company are in sponsor/directors hands and 50 percent shares in public hands, according to DSE website.
BBN/BB/AD-02June14-11:50am (BST)