Maksons Spinning recommends 20pc stock dividend
Tuesday, 26 January 2010
Maksons Spinning Mills Limited recommended 20 per cent stock dividend (100 bonus shares for every 500 shares) for its shareholders for the year 2008-09, according to a press release.
The recommendation came at the 19th meeting of the board of directors of the company at its corporate office in the city Monday.
Maksons Spinning Mills Limited Chairman Abdul Ali presided over the meeting while its Managing Director Mohammad Ali Khokon and other directors of the company were present on the occasion. The meeting decided that the fifth annual general meeting (AGM) of the company will be held on February 20, 2010 at 10:00 am.
The venue of the AGM will be notified later. The audited accounts for the financial year 2008-09 was also approved in the meeting.
In spite of being faced up with adverse trade and industry state in the recent past, the company achieved a turnover of Tk 934.30 million, net profit before tax of Tk 115.60 million and net profit after tax of Tk 74.80 million.
The recommendation came at the 19th meeting of the board of directors of the company at its corporate office in the city Monday.
Maksons Spinning Mills Limited Chairman Abdul Ali presided over the meeting while its Managing Director Mohammad Ali Khokon and other directors of the company were present on the occasion. The meeting decided that the fifth annual general meeting (AGM) of the company will be held on February 20, 2010 at 10:00 am.
The venue of the AGM will be notified later. The audited accounts for the financial year 2008-09 was also approved in the meeting.
In spite of being faced up with adverse trade and industry state in the recent past, the company achieved a turnover of Tk 934.30 million, net profit before tax of Tk 115.60 million and net profit after tax of Tk 74.80 million.