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Acme Lab recommends 35pc cash dividend

Its share price rises 0.56pc

FE Report | October 04, 2018 00:00:00

The board of directors of Acme Laboratories Ltd has recommended 35 per cent cash dividend for the year ended on June 30, 2018.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on December 06 in Dhaka, said an official disclosure on Wednesday.

The record date is on October 31, 2018.

The company has also reported earnings per share (EPS) of Tk 6.74, net asset value (NAV) per share of Tk 83.39 and net operating cash flow per share (NOCFPS) of Tk 7.46 for the year ended on June 30, 2018 as against Tk 6.61, Tk 80.13 and Tk 6.70 respectively for the same period of the previous year.

The company also disbursed 35 per cent cash dividend for the year ended on June 30, 2017.

Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 2016 under the book building method, closed at Tk 89.70 on Wednesday, gaining 0.56 per cent over the previous day.

The company's paid-up capital is Tk 2.11 billion and authorised capital is Tk 5.0 billion, while the total number of securities is 211.60 million.

The sponsor-directors own 40.12 per cent stake in the company, institutional investors 29.31 per cent, foreign 1.37 per cent and the general public 29.20 per cent as on August 31, 2018, the DSE data shows.

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