Dacca Dyeing approves 10pc cash dividend
Tuesday, 1 September 2009
The Dacca Dyeing and Manufacturing Company Limited approved a 10 per cent cash dividend for its shareholders for the financial year of 2008-2009.
The approval was given at the 31st annual general meeting (AGM) of the company at a city hotel recently, said a press release.
Jamaluddin Quader Chowdhury of Dacca Dyeing and Manufacturing Company Limited presided over the meeting while its Managing Director Giasuddin Quader Chowdhury, directors Meena Parveen Quader Chowdhury and Md Amirul Islam were present on the occasion.
Giasuddin Quader Chowdhury said that the production capacity would increase significantly after utilisation of the proceeds of the forthcoming initial public offering (IPO) and improvement of the gas supply in the region.
The shareholders of the company unanimously approved the directors' report, audited accounts for the financial year 2008-2009 and the auditors' report thereon.
The approval was given at the 31st annual general meeting (AGM) of the company at a city hotel recently, said a press release.
Jamaluddin Quader Chowdhury of Dacca Dyeing and Manufacturing Company Limited presided over the meeting while its Managing Director Giasuddin Quader Chowdhury, directors Meena Parveen Quader Chowdhury and Md Amirul Islam were present on the occasion.
Giasuddin Quader Chowdhury said that the production capacity would increase significantly after utilisation of the proceeds of the forthcoming initial public offering (IPO) and improvement of the gas supply in the region.
The shareholders of the company unanimously approved the directors' report, audited accounts for the financial year 2008-2009 and the auditors' report thereon.