Marico BD's net profit jumps 31 per cent
FE Report | Thursday, 30 April 2020
The board of directors of Marico Bangladesh Ltd has recommended a final 200 per cent cash dividend for the year ended on March 31, 2020.
The board recommended the dividend and approved the audited financial statements for the year ended on March 31, 2020 at a meeting held on Tuesday through digital platform, according to an official disclosure Wednesday.
The fast-moving consumer goods multinational company declared a total of 950 per cent cash dividend for the year under review, including a 750 per cent interim cash dividend, which has already been paid.
This is also the highest dividend declaration of the company after listing on the Dhaka Stock Exchange.
The company disbursed 650 per cent cash dividend in 2019, 600 per cent cash in 2018, 500 per cent cash in 2017, 450 per cent cash in 2016 and 425 per cent cash dividend in 2015, according to statistics from the DSE.
The annual general meeting will be held on July 22 at Radisson Blu Dhaka Water Garden.
The company said the 15th market day from re-opening of market operation shall be considered as record date.
The company's net profit rose more than 31 per cent year-on-year to Tk 2.65 billion for the year ended on March 31, 2020. Its net profit was Tk 2.02 billion in 2019.
The basic earnings per share stood at Tk 84.01 for the year ended on March 31, 2020 as against Tk 64.23 in the previous year.
The company's net asset value per share was Tk 44.05 and net operating cash flow per share was Tk 95.65 for the year ended on March 31, 2020 as against Tk 41.34 and Tk 84.81 respectively in 2019.
Each share of Marico Bangladesh, which was listed on the Dhaka bourse in 2009, closed at Tk 1,562.50 on March 25, before the government holiday started.