ACI approves 115pc cash, 10pc stock dividend

FE Team | Published: December 18, 2017 21:48:31

Independent directors Shusmita Anis and Abdul-Muyeed Chowdhury, directors Golam Mainuddin, Chairman M Anis Ud Dowla, Managing Director Dr Arif Dowla and Waliur Rahman Bhuiyan OBE, seen in the 44th AGM of ACI Limited held Monday.

The 44th Annual General Meeting of Advanced Chemical Industries Limited was held on Monday in the city.
M. Anis Ud Dowla, Chairman of the Company, presided over the meeting, said a statement.
The Financial Statements together with Auditors' and Directors' reports of the Company for the year ended 30 June 2017 were approved by the shareowners in the meeting. The AGM also approved 125 per cent dividend for the FY 2016-2017 which include 115 per cent cash (interim 75 per cent & final 40 per cent) and 10 per cent stock dividend.
Dr. Arif Dowla, Managing Director, informed the shareowners that FY 2016-2017 was a very successful year for ACI Group.
During this year, BDT 47,668 million revenue was recorded registering a robust growth of 52 per cent. There was strong growth across almost all of the strategic business units leading to a well-rounded performance for the group.