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3 cos recommend stock, cash dividends

October 23, 2014 00:00:00


Three listed companies -- Rahim Textile, Ratanpur Steel Re-Rolling Mills Ltd and Barakatullah Electro Dynamics Ltd -- recommended stock and cash dividends for the year ended on June 30, 2014, reports UNB.

The board of directors of Rahim Textile has recommended 26 per cent stock dividend for the year ended on June 30, 2014. The annual general meeting (AGM) of the company will be held on December 18, 2014 at 9:00 am at Trust Milonayaton, 545, Puraton Biman Bandar Sarak (Adjacent to Shahid Bir Shresta Jahangir Gate), Dhaka Cantonment, according to DSE website.

The record date is 13.11.2014. The company has also reported EPS of Tk 8.42, NAV per share of Tk 65.10 and NOCFPS of Tk 20.13 for the year ended on June 30, 2014.

In another corporate declaration, the board of directors of Ratanpur Steel Re-Rolling Mills Ltd has recommended 5 per cent cash dividend and 20 per cent stock dividend for the year ended on June 30, 2014.

The AGM of the company will be held on November 30, 2014 at 11:00 am at Hall Room of Bhatiary Golf and Country Club, PO BMA, Bhatiary, Chittagong.

The record date is 6.11.2014. The company has also reported net profit after tax of Tk 154.96 million, EPS of Tk 5.24, NAV per share of Tk 58.93 and NOCFPS of Tk 2.89 for the year ended on June 30, 2014 as against Tk 166.74 million, Tk 5.63, Tk 53.69 and Tk 6.54 respectively for the year ended on June 30, 2013.

Meanwhile, the board of directors of Barakatullah Electro Dynamics Ltd has recommended 17 per cent stock dividend for the year ended on June 30, 2014.

The board has also decided to change company's name from Barakatullah Electro Dynamics Limited to Baraka Power Limited subject to be approved by the shareholders at its AGM.

The AGM of the company will be held on December 11, 2014 at 12:00 noon at Hotel Star Pacific, Darga Gate, Sylhet-3100. The record date is 6.11.2014.

The company has also reported net profit after tax of Tk 249.36 million, EPS of Tk 1.90, NAV per share of Tk 19.45 and NOCFPS of Tk (6.61) for the year ended on June 30, 2014 as against Tk 187.51 million, Tk 1.43, Tk 19.43 and Tk 1.23 respectively for the year ended on June 30, 2013.


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