HeidelbergCement AGM approves 25pc cash dividend
FE Report | Friday, 27 June 2008
HeidelbergCement Bangladesh Ltd approved 25 per cent cash dividend for its shareholders for the year 2007.
This was approved at the 19th annual general meeting (AGM) of the company held in the city Wednesday, said a press release.
Heidelbergcement Managing Director Jean-Claude Jamar presided over the meeting. Company directors Abdul Awal Mintoo, Md Ziaul Haque Khondker, A K M Jahangir Khan, Golam Farook, Jashim Uddin Chowdhury and Company Secretary M Abul Hashem also attended the meeting.
The chairman, in his welcome address to the shareholders, said that the year 2007 was an eventful and exceptional year in the company's history. Total cement production and sale exceeded 1(one) million tonnes, which was a record breaker. Market share of Heidelbergcement further increased. Despite various adverse factors, the company's net profit growth was recorded at about 19 per cent from the previous year.
The company earned an operating income of Tk 946.724 million and net income of Tk 621.541 million as against Tk 724.942 million and Tk. 521.578 million of the previous year.
Earning per share rose to Tk 110 from Tk 92 of the previous year. The company contributed an amount of Tk. 1,176.98 million to the national exchequer.
The board of directors appreciated the performance of the officers, staff and workers whose untiring efforts helped optimise the profit of the company.
This was approved at the 19th annual general meeting (AGM) of the company held in the city Wednesday, said a press release.
Heidelbergcement Managing Director Jean-Claude Jamar presided over the meeting. Company directors Abdul Awal Mintoo, Md Ziaul Haque Khondker, A K M Jahangir Khan, Golam Farook, Jashim Uddin Chowdhury and Company Secretary M Abul Hashem also attended the meeting.
The chairman, in his welcome address to the shareholders, said that the year 2007 was an eventful and exceptional year in the company's history. Total cement production and sale exceeded 1(one) million tonnes, which was a record breaker. Market share of Heidelbergcement further increased. Despite various adverse factors, the company's net profit growth was recorded at about 19 per cent from the previous year.
The company earned an operating income of Tk 946.724 million and net income of Tk 621.541 million as against Tk 724.942 million and Tk. 521.578 million of the previous year.
Earning per share rose to Tk 110 from Tk 92 of the previous year. The company contributed an amount of Tk. 1,176.98 million to the national exchequer.
The board of directors appreciated the performance of the officers, staff and workers whose untiring efforts helped optimise the profit of the company.