Appollo Ispat upgraded to A category
Friday, 16 January 2015
Appollo Ispat Complex Limited has been upgraded to Category 'A' from Category 'N', said a statement.
The transaction of shares of the company, the manufacturer of Rani Brand C.I. sheet, started as Category A scrip from Thursday.
The company offered 15 percent bonus dividend for its shareholders for the year ended on June 2014. The company was upgraded to Category A for offering 15 percent dividend.
The dividend has been added as BO (Beneficiary Owners) from January 1 last.
The company's earning increased by 36.83 percent and its net earning during the first quarter of the year totalled to Tk 1.35 billion.
The company's earning during the same period last year was Tk. 988 million.