ACI approves 60pc dividend
Wednesday, 27 June 2007
FE Report
Advanced Chemical Industries (ACI) Limited approved 60 per cent dividend, that is, Tk 6.00 per share of Tk 10 for its shareholders.
The dividend was approved by its shareholders at the 34th annual general meeting (AGM) of the company at the BDR Darbar Hall, Pilkhana, in the city Tuesday.
ACI Limited Chairman M Anis Ud Dowla presided over the AGM.
The company's financial results presented to the shareholders showed an increase in sales turnover by 14 per cent over the previous year.
The gross profit also increased by 22.85 per cent to Tk 1,176 million and profit after paying tax increased by 37 per cent to Tk 154 million over the previous year.
The earning per share (EPS) stood at Tk 9.51 against Tk 6.94 of the previous year.
The company's contribution to the public exchequer during the year was Tk 533 million in the form of corporate tax, customs duty, sales tax, development surcharge, value added tax (VAT) etc. which was 4.84 per cent higher than that of the previous year.
All the strategic business units of the company delivered commendable results.
All the shareholders highly praised the management for the outstanding performance and excellent dividend.
The ACI chairman described a prospective outlook of business in the days ahead.
He assured good governance and sound management of the affairs of the company.
Advanced Chemical Industries (ACI) Limited approved 60 per cent dividend, that is, Tk 6.00 per share of Tk 10 for its shareholders.
The dividend was approved by its shareholders at the 34th annual general meeting (AGM) of the company at the BDR Darbar Hall, Pilkhana, in the city Tuesday.
ACI Limited Chairman M Anis Ud Dowla presided over the AGM.
The company's financial results presented to the shareholders showed an increase in sales turnover by 14 per cent over the previous year.
The gross profit also increased by 22.85 per cent to Tk 1,176 million and profit after paying tax increased by 37 per cent to Tk 154 million over the previous year.
The earning per share (EPS) stood at Tk 9.51 against Tk 6.94 of the previous year.
The company's contribution to the public exchequer during the year was Tk 533 million in the form of corporate tax, customs duty, sales tax, development surcharge, value added tax (VAT) etc. which was 4.84 per cent higher than that of the previous year.
All the strategic business units of the company delivered commendable results.
All the shareholders highly praised the management for the outstanding performance and excellent dividend.
The ACI chairman described a prospective outlook of business in the days ahead.
He assured good governance and sound management of the affairs of the company.