HeidelbergCement approves 38pc cash dividend
Tuesday, 8 June 2010
HeidelbergCement Bangladesh Limited has approved a 38 per cent cash dividend for its shareholders for the year 2009, according to a press release.
The approval was given at the 21st annual general meeting (AGM) of the company on its factory premises at Rupganj in Narayanganj recently.
HeidelbergCement Bangladesh Limited Managing Director Jean-Claude Jamar presided over the meeting.
Also present on the occasion were HeidelbergCement directors AKM Jahangir Khan, Golam Farook and Jashim Uddin Chowdhury, General Manager and Company Secretary M Abul Hashem.
A large number of shareholders of the company attended the meeting and unanimously approved the audited accounts for the year 2009 along with directors' report for that period.
Speaking on the occasion, Mr Jamar said that the year 2009 was another successful and exceptional year in the company's history in every way and further strengthened its market position while maintaining price leadership. Due to its two strong quality brands Scan Cement and Ruby Cement, the company took advantage of the new production line in Kanchpur to keep up with the market growth.
The sales volume of the company increased by 9.7 per cent and price increased by 3.2 per cent. The net asset size of the company, at the year-end, stands at Tk 3,972 million, marking a growth of 20 per cent over the previous year.
During the year under review, the company earned a net profit of Tk 851 million compared to previous year's Tk 592 million showing a robust growth of 43.75 per cent.
The earning per share increased from Tk 105 to Tk 151. The company contributed Tk 1643 million to national exchequer as against Tk 1278 million in the previous year.
The approval was given at the 21st annual general meeting (AGM) of the company on its factory premises at Rupganj in Narayanganj recently.
HeidelbergCement Bangladesh Limited Managing Director Jean-Claude Jamar presided over the meeting.
Also present on the occasion were HeidelbergCement directors AKM Jahangir Khan, Golam Farook and Jashim Uddin Chowdhury, General Manager and Company Secretary M Abul Hashem.
A large number of shareholders of the company attended the meeting and unanimously approved the audited accounts for the year 2009 along with directors' report for that period.
Speaking on the occasion, Mr Jamar said that the year 2009 was another successful and exceptional year in the company's history in every way and further strengthened its market position while maintaining price leadership. Due to its two strong quality brands Scan Cement and Ruby Cement, the company took advantage of the new production line in Kanchpur to keep up with the market growth.
The sales volume of the company increased by 9.7 per cent and price increased by 3.2 per cent. The net asset size of the company, at the year-end, stands at Tk 3,972 million, marking a growth of 20 per cent over the previous year.
During the year under review, the company earned a net profit of Tk 851 million compared to previous year's Tk 592 million showing a robust growth of 43.75 per cent.
The earning per share increased from Tk 105 to Tk 151. The company contributed Tk 1643 million to national exchequer as against Tk 1278 million in the previous year.