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Bata Shoe declares 240pc interim cash dividend

FE Report | November 21, 2018 00:00:00


The board of directors of Bata Shoe Company has declared 240 per cent interim cash dividend, said an official disclosure on Tuesday.

The shoe maker declared the interim dividend considering the performance of the company up to third quarter 2018 results and the retained earnings up to December 31, 2017.

The record date for entitlement of interim dividend is on December 11.

The multinational company has also reported earnings per share (EPS) of Tk 61.51, net asset value (NAV) per share of Tk 359.84 and net operating cash flow per share (NOCFPS) of Tk 10.81 in the negative for period ended on September 30, 2018 as against Tk 56.71, Tk. 306.19 and Tk 8.90 respectively for the same period of the previous year.

Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 1985, closed at Tk 1,087 on Tuesday, gaining 0.37 per cent over the previous day.

Its share traded between Tk 1,072 and Tk 1,250 in the last one year.

The company disbursed 335 per cent cash dividend for the year ended on December 31, 2017.

The company's paid-up capital is Tk 136.80 million and authorised capital is Tk 200 million, while the number of securities is 13.68 million.

The sponsor-directors own 70 per cent stake in the company, while institutional investors own 19.79 per cent, foreign investors 1.69 per cent and the general public 8.52 per cent as on October 31, 2018.

Keya Cosmetics: The board of directors of Keya Cosmetics has recommended 10 per cent stock dividend for the year ended on June 30, 2018.

The final approval will come during the annual general meeting scheduled to be held on January 26, 2019 at Konabari in Gazipur. The record is on December 12.

The company has also reported earnings per share (EPS) of Tk 1.21, net asset value (NAV) per share of Tk 14.02 and net operating cash flow per share (NOCFPS) of Tk 2.05 in the negative for period ended on September 30, 2018 as against Tk 2.01, Tk 15.37 and minus Tk 2.88 respectively for the same period of the previous year.

Each share of the company, which was listed on the DSE in 2001, closed at Tk 7.50 on Tuesday, gaining 1.35 per cent.

In 2017, the company disbursed a total of 20 per cent stock dividend.

The company's paid-up capital is Tk 10 billion and authorised capital is Tk 15 billion, while the number of securities is 1.0 billion.

The sponsor-directors own 46.27 per cent stake in the company, while institutional investors own 8.78 per cent and the general public 44.95 per cent as on October 31, 2018.

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