EHL AGM approves 15pc cash dividend
Sunday, 7 December 2008
The 44th annual general meeting (AGM) of Eastern Housing Limited (EHL) has approved 15 per cent cash dividend for the year that ended on July 31, '08.
The meeting was held in the city recently, said a press release.
Chairman of the board of directors of the company Manzurul Islam presided over the AGM. A large number of shareholders attended the AGM.
In his presidential address, the chairman told the AGM that in the year under review the company's business was seriously affected by slowing economy and the global crisis coupled with political stagnation, which continued to prevail in the country.
Land cost, filling cost and cost of construction materials registered further abnormal rise, pushing the real estate sector into a deep crisis, he mentioned.
The chairman expressed the hope that the profitability of the company would increase in future on completion a few big projects.
The meeting was held in the city recently, said a press release.
Chairman of the board of directors of the company Manzurul Islam presided over the AGM. A large number of shareholders attended the AGM.
In his presidential address, the chairman told the AGM that in the year under review the company's business was seriously affected by slowing economy and the global crisis coupled with political stagnation, which continued to prevail in the country.
Land cost, filling cost and cost of construction materials registered further abnormal rise, pushing the real estate sector into a deep crisis, he mentioned.
The chairman expressed the hope that the profitability of the company would increase in future on completion a few big projects.