Cos recommend cash dividend, report earnings for last year
Sunday, 18 March 2018
FE Report
Three listed companies and one closed-end mutual fund have recommended cash dividend last week, ranging from 5.0 per cent to 30 per cent, for the year ended on December 31, 2017.
The securities are Delta Brac Housing Finance Corporation, LafargeHolcim Bangladesh, Islamic Finance & Investment and Vanguard AML Rupali Bank Balanced Fund.
Of the companies, Delta Brac Housing Finance Corporation has reported increased earnings, while the earnings of LafargeHolcim Bangladesh declined for the year ended on December 31, 2017.
According to DSE information, the board of directors of Delta Brac Housing Finance Corporation has recommended 30 per cent cash dividend for the year ended on December 31, 2017.
The company has also reported earnings per share (EPS) of Tk. 7.79, net asset value (NAV) per share of Tk. 35.76 and net operating cash flow per share (NOCFPS) of Tk. 16.56 for the year ended on December 31, 2017 which was Tk. 2.71, Tk. 29.47 and Tk. 29.92 respectively for the 6 months period of July-December, 2016.
LafargeHolcim Bangladesh has recommended 5 per cent final cash dividend (i.e. total 10 per cent cash dividend for the year 2017 inclusive of 5 per cent interim cash dividend which has already been paid) for the year ended on December 31, 2017.
The company has also reported consolidated EPS of Tk. 0.69, consolidated NAV per share of Tk. 13.15 and consolidated NOCFPS of Tk. 1.12 for the year ended on December 31, 2017 as against Tk. 1.92, Tk. 13.24 and Tk. 2.26 respectively for the year ended on December 31, 2016.
The Islamic Finance & Investment has recommended 14.50 per cent cash dividend for the year ended on December 31, 2017.
The company has also reported EPS of Tk. 1.81, NAV per share of Tk 14.29 and NOCFPS of Tk 16.54 for the year ended on December 31, 2017 as against Tk. 2.07 (restated), Tk. 12.74 (restated) and Tk. 12.40 (restated) respectively for the year ended on December 31, 2016.
The trustee committee of Vanguard AML Rupali Bank Balanced Fund has declared 12 per cent cash dividend based on net income for the year ended on December 31, 2017.
The trustee of the fund has also reported earnings per unit (EPU) of Tk. 1.25, NAV per unit of Tk. 13.39 on the basis of market price, NAV per unit of Tk. 12.16 on the basis of cost price and net operating cash flow per unit (NOCFPU) of Tk. 0.20 for the year ended on December 31, 2017.
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