Marico approves 25pc cash dividend
Thursday, 21 January 2010
FE Report
Marico Bangladesh Limited (MBL), a leading FMCG in the beauty and wellness sector approved a cash dividend of 25 percent equivalent to Tk 2.5 per share.
The approval came at the 10th Annual General Meeting of the company Tuesday at Mouchak, Gazipur.
Mr. Debashish Neogi, Managing Director of MBL presided over the meeting, which was attended by, Mr. Kunal Gupta, Mr. Ghulam Mostafa and Mrs. Rupali Chowdhury, Directors of MBL.
Mr. Neogi informed shareholders that the company achieved a turnover of Tk 4.06 billion, for the period between Oct 01, 2008 to Sept 30, 2009, registering a whopping growth of 53 per cent over the previous year.
During the period, MBL's profit from operations was Tk 495 million, - an increase of 20 per cent over the previous year and earned a net profit of Tk 470.9 million, a growth of 76 per cent over the previous year.
Marico's focus on sustainable profitable growth manifests through its consistent financial performance. From FY 04 to FY 08, Marico's topline compound annual growth rate (CAGR) was 33 per cent.
Marico Bangladesh Limited (MBL), a leading FMCG in the beauty and wellness sector approved a cash dividend of 25 percent equivalent to Tk 2.5 per share.
The approval came at the 10th Annual General Meeting of the company Tuesday at Mouchak, Gazipur.
Mr. Debashish Neogi, Managing Director of MBL presided over the meeting, which was attended by, Mr. Kunal Gupta, Mr. Ghulam Mostafa and Mrs. Rupali Chowdhury, Directors of MBL.
Mr. Neogi informed shareholders that the company achieved a turnover of Tk 4.06 billion, for the period between Oct 01, 2008 to Sept 30, 2009, registering a whopping growth of 53 per cent over the previous year.
During the period, MBL's profit from operations was Tk 495 million, - an increase of 20 per cent over the previous year and earned a net profit of Tk 470.9 million, a growth of 76 per cent over the previous year.
Marico's focus on sustainable profitable growth manifests through its consistent financial performance. From FY 04 to FY 08, Marico's topline compound annual growth rate (CAGR) was 33 per cent.