ICB Capital Management holds AGM
Tuesday, 7 October 2008
FE Report
The eighth annual general meeting (AGM) of ICB Capital Management Ltd (ICB CML), a subsidiary of Investment Corporation of Bangladesh (ICB), was held in the city Sunday.
Chairman of the company Md Ziaul Haque Khondker presided over the meeting.
ICB CML Chief Executive Officer Md Iftikhar-uz-zaman and other directors and shareholders were present at the meeting.
The meeting approved the accounts and directors' report of the company for the year ended 30 June, 2008.
The total income of the company in the financial year (FY) 2007-08 was Tk 538.4 million while expenditure amounted to Tk 149.5 million resulting net income before tax of Tk 388.9 million.
After provisioning and income tax, the net income of the company stood at Tk. 347 million.
With the addition of non-distributable income of Tk 149.8 million of the previous year, the company had net distributable income of Tk 497 million during the year which yielded earning per share of Tk 417.57 of Tk 100 each.
The shareholders approved cash dividend of Tk 10 per share and stock dividend of 1 bonus share for every 4 shares (4:1) for the FY 2007-08.
During the year, ICB CML signed issue management agreement with 10 companies amounting to Tk 4.1761 billion and provided underwriting commitment of Tk 73.8 million to 6 companies.
The eighth annual general meeting (AGM) of ICB Capital Management Ltd (ICB CML), a subsidiary of Investment Corporation of Bangladesh (ICB), was held in the city Sunday.
Chairman of the company Md Ziaul Haque Khondker presided over the meeting.
ICB CML Chief Executive Officer Md Iftikhar-uz-zaman and other directors and shareholders were present at the meeting.
The meeting approved the accounts and directors' report of the company for the year ended 30 June, 2008.
The total income of the company in the financial year (FY) 2007-08 was Tk 538.4 million while expenditure amounted to Tk 149.5 million resulting net income before tax of Tk 388.9 million.
After provisioning and income tax, the net income of the company stood at Tk. 347 million.
With the addition of non-distributable income of Tk 149.8 million of the previous year, the company had net distributable income of Tk 497 million during the year which yielded earning per share of Tk 417.57 of Tk 100 each.
The shareholders approved cash dividend of Tk 10 per share and stock dividend of 1 bonus share for every 4 shares (4:1) for the FY 2007-08.
During the year, ICB CML signed issue management agreement with 10 companies amounting to Tk 4.1761 billion and provided underwriting commitment of Tk 73.8 million to 6 companies.