BOC AGM approves 100 pc final dividend***
Friday, 13 May 2011
FE Report
The 38" Annual General Meeting of BOC Bangladesh Limited was held Thursday at the Officers Club, Baily Road in the city. The annual accounts for the year ended 31 " December 2010 were approved by shareholders. The Chairman of the company Mr. M Syeduzzaman presided the meeting. He started with an upbeat note on the very strong financial results achieved in the year. The Company posted earnings of Taka 668.068 million against Taka 609.870 million in 2009, an increase of 9.54%. The annual turnover growth was 16.65%. The Chairman lauded the sound policies of the Government, and the foresight and resilience of the local entrepreneurs which helped to steer the Country from a crisis that was apprehended in the wake of global crisis. From the Company's perspective such stride iQ profit was possible due to productivity improvement measures, timely pricing decisions and close monitoring of costs by the Management. A final dividend of 100 per cent was approved by shareholders at the meeting which with an interim dividend of 250 per cent paid earlier bought the total dividend to 350 per cent. Mr. M. Syeduzzaman, Mr. Md. Fayekuzzaman and Mr. Md. Nazmul Hossain retire under Article 81 of the Articles of Association of the Company. Mr. M. Syeduzzaman decided not to be re-elected. Mr. Md. Fayekuzzaman and Mr., Md. Nazmul Hossain were reelected as Directors of the Company. Ms. Parveen Mahmud, President of the Institute of Chartered Accountants of Bangladesh was elected to the Board of Directors of BOC Bangladesh Limited.
The 38" Annual General Meeting of BOC Bangladesh Limited was held Thursday at the Officers Club, Baily Road in the city. The annual accounts for the year ended 31 " December 2010 were approved by shareholders. The Chairman of the company Mr. M Syeduzzaman presided the meeting. He started with an upbeat note on the very strong financial results achieved in the year. The Company posted earnings of Taka 668.068 million against Taka 609.870 million in 2009, an increase of 9.54%. The annual turnover growth was 16.65%. The Chairman lauded the sound policies of the Government, and the foresight and resilience of the local entrepreneurs which helped to steer the Country from a crisis that was apprehended in the wake of global crisis. From the Company's perspective such stride iQ profit was possible due to productivity improvement measures, timely pricing decisions and close monitoring of costs by the Management. A final dividend of 100 per cent was approved by shareholders at the meeting which with an interim dividend of 250 per cent paid earlier bought the total dividend to 350 per cent. Mr. M. Syeduzzaman, Mr. Md. Fayekuzzaman and Mr. Md. Nazmul Hossain retire under Article 81 of the Articles of Association of the Company. Mr. M. Syeduzzaman decided not to be re-elected. Mr. Md. Fayekuzzaman and Mr., Md. Nazmul Hossain were reelected as Directors of the Company. Ms. Parveen Mahmud, President of the Institute of Chartered Accountants of Bangladesh was elected to the Board of Directors of BOC Bangladesh Limited.