Confidence Cement approves 35pc dividend

CHITTAGONG, Dec 25: Confidence Cement Ltd approved 35 per cent dividend (15 per cent cash and 20 per cent bonus) for its shareholders for the fiscal year 2016-17.
The approval came at the 26th Annual General Meeting (AGM) of the company held on its factory premises at Madambibir Hat of Sitakunda in Chittagong on Sunday.
Financial statement, auditor's report, annual reports of the directors and re-appointment of the directors for the year that ended on 30 June, 2017 were also approved.
The reports said the company sold its products worth Tk 362.94 million in the aforementioned fiscal year against that of Tk 361.37 million in the previous fiscal. The company earned a pre-tax net profit worth Tk 550.63 million in the year which was Tk 565.50 million in the previous year.
The meeting was informed that Tk 756.27 million was deposited to the national exchequer during the last fiscal year.
Presided over by Managing Director Rupam Kishore Barua, the AGM was attended by Directors Shah Md Hasan, Shamsul Alam Bir Uttam, Mrs Runu Anwar, Imran Karim, Salman Karim, Engineer AZM Sazzadur Rahman and Engineer AKM Rashiduddin Ahmed, Deputy Managing Director Zahir uddin
Ahmed and Executive Director and Company Secretary Newaj Md Iqbal Yusuf.
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