HeidelbergCement approves 21pc dividends
Wednesday, 13 June 2007
FE Report
HeidelbergCement Bangladesh Limited approved 16 per cent cash and 5.0 per cent stock dividends for 2006 at the annual general meeting (AGM) of the company in the city recently.
HeidelbergCement Managing Director Jean-Claude Jamar presided over the AGM, while directors Md Ziaul Haque Khondoker, AKM Jahangir Khan, Golam Farook and Jashim Uddin Chowdhury and Company Secretary M Abul Hashem were present on the occasion.
The company chairman, in his welcome address, said total cement production and sale exceeded record-breaking 0.1 million tonnes in 2006. Market share of HeidelbergCement regained at 12 per cent against 10.7 per cent in 2005.
Despite various adverse factors, the company's net profit growth was recorded at about 4 per cent from last year. The company earned an operating income of Tk 724.942 million and net income of Tk 521.578 million against Tk 287.544 million and Tk 139.852 million of the previous year, he added.
HeidelbergCement Bangladesh Limited approved 16 per cent cash and 5.0 per cent stock dividends for 2006 at the annual general meeting (AGM) of the company in the city recently.
HeidelbergCement Managing Director Jean-Claude Jamar presided over the AGM, while directors Md Ziaul Haque Khondoker, AKM Jahangir Khan, Golam Farook and Jashim Uddin Chowdhury and Company Secretary M Abul Hashem were present on the occasion.
The company chairman, in his welcome address, said total cement production and sale exceeded record-breaking 0.1 million tonnes in 2006. Market share of HeidelbergCement regained at 12 per cent against 10.7 per cent in 2005.
Despite various adverse factors, the company's net profit growth was recorded at about 4 per cent from last year. The company earned an operating income of Tk 724.942 million and net income of Tk 521.578 million against Tk 287.544 million and Tk 139.852 million of the previous year, he added.