Square Textiles approves 30pc cash dividend

Square Textiles PLC has approved a 30 per cent cash dividend for its shareholders for the year ended June 30, 2023.
The approval was given at the 28th Annual General Meeting (AGM) of the company held on a virtual platform on Thursday, said a press release.
Chairman of the company Tapan Chowdhury presided over the AGM.
Ratna Patra, Vice Chairman, Samuel S Chowdhury, Managing Director, Abul Kalam Azad, Independent Director, Md Kabir Reza, Head of A&F, and Sanjib Baran Roy, Company Secretary, were present at the event.
The turnover, gross profit and net profit (After Tax) for the year ended 30 June 2023 were Tk 14.97 billion (1,497 crore), Tk 1.88 billion (188 crore) and Tk 1.07 billion (107 crore) respectively.
The company contributed an amount of Tk 280 million (28 crore) to the National Exchequer.
Shareholders of the company attended the AGM.