Square Pharma AGM approves 30pc cash, 12.50pc stock dividends

The 49th annual general meeting (AGM) of Square Pharmaceuticals has approved 30 per cent cash and 12.50 per cent stock dividends for the year that ended on March 31, 2015.

The AGM was held in the city Wednesday, said a press release. Chairman of the company Samuel S Chowdhury presided over the AGM.

Among others, Vice Chairman Ratna Patra, Managing Director Tapan Chowdhury and directors Anjan Chowdhury and Kazi Iqbal Harun were present at the meeting.

A large number of shareholders attended the AGM.

The AGM was told that the gross profit, net profit (before tax) and net profit (after tax) for the year 2014-2015 were Tk 11,842 million, Tk 7,596 million and Tk 5,744 million respectively.

Net turnover and net profit rose to 25.36 per cent and 42.50 per cent respectively during the year 2014-15.

The company contributed an amount of Tk 6,315 million to the national exchequer.