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ACI approves 115pc cash, 3.5pc stock div

December 13, 2018 00:00:00

(from left) Mohammad Mostafizur Rahman, Company Secretary, Kamran Tanvirur Rahman, Shusmita Anis, Directors, M. Anis Ud Dowla, Chairman, Dr. Arif Dowla, Managing Director, Waliur Rahman Bhuiyan OBE, Director and Adil Husain, Independent Director of ACI Limited seen in the 45th AGM of ACI Ltd held on Wednesday

The 45th Annual General Meeting of Advanced Chemical Industries Limited was held on Wednesday at Officers Club, Baily Road in the city.

M. Anis Ud Dowla, Chairman of the Company, presided over the meeting, said a statement.

The AGM approved 115 per cent cash and 3.5 per cent stock dividend for FY 2017-18.

Dr. Arif Dowla, Managing Director of the Company, informed the shareowners that FY 2017-2018 was a very challenging year for ACI Group.

Despite various external factors including adverse macroeconomic environment along with the effect of prolonged floods, the Company, in the group level, achieved BDT 56,123 million sales during the year registering a 18 per cent growth over last year.

He apprised the shareowners of some noteworthy achievements of the year attained by various business units of the Company. He mentioned that ACI is committed to enrich the quality of life of the people through responsible application of knowledge, technology and skills.

The financial statements together with auditors and directors reports of the Company for the year ended on 30 June, 2018 were approved by the shareowners in the meeting.

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