Doreen Power approves 30pc dividend

FE DESK | Monday, 19 December 2022

The shareholders of Doreen Power Generations and Systems Limited approved a 30 per cent dividend along with other agendas at its 15th annual general meeting (AGM) held on Sunday on a digital platform.
Anjabeen Alam Siddique, chairman of the board of directors of the company, presided over the meeting. Managing Director Tahzeeb Alam Siddique, Director Abul Hasnat, Independent Director Md. Towfiqul Islam Khan and Masudur Rahman Bhuiyan FCS, company secretary, among others, were present in the AGM.
Audited financial statements and auditors' report along with directors' report for the year ended June 30, 2022 were approved in the AGM. Shareholders approved 12 per cent stock dividend for all shareholders and 18 per cent cash dividend for general shareholders except directors or sponsors for the financial year 2021-2022.
Earnings Per Share (EPS) and Net Operating Cash Flow Per Share (NOCFPS) of the company was Tk 10.31 and Tk (32.22) for the financial year 2021-2022. Net Asset Value Per Share (NAVPS) stood at Tk 53.15 as on 30 June 2022.
Doreen Power was listed with the capital market in the year 2016. Paid-up capital of the company was Tk 161.17 crore before the AGM.
Sponsors and directors hold 66.61 per cent, institutional investors hold 18.77 per cent, and general investors hold remaining 14.62 per cent shares of the company. Based on the latest audited EPS and market value, Price-Earnings (PE) Ratio is 7.54. And PE Ratio is 6.84 based on the latest unaudited financial statements.