DSE/CSE News in Brief (23-10-2019)

DSE NEWS

Recommendation of dividend

Sinobangla Industries Ltd.: The board of directors has recommended 10 per cent cash dividend for the year ended on June 30, 2019. The AGM will be held on January 30, 2020 at 11:00 am at the registered office of the company, Boro Baluakandi, Gazaria, Munshiganj. The record date is November 28, 2019. The company has also reported EPS of Tk. 1.73, NAV per share was Tk. 25.38 and NOCFPS of Tk. (9.02) for the year ended on June 30, 2019 as against Tk. 1.71, Tk. 24.66 (restated) and Tk. 9.92 respectively for the same period of the previous year. The company has also informed that NAV per share of June 30, 2018 has been restated due to a retrospective effect of an adjustment of deferred tax liability and reasons for significant deviation of NOCFPS is upto FY 2017-2018, they recorded working capital loan under Sundry Creditors which is a major source of Cash Flow from Operating Activities. From FY 2018-2019, they reclassified the working capital loan and categorized it in short term loan which is a component of Financing Activities. Because of this rearrangement the NOCFPS of FY 2018-2019 stood negative. Please also note that this negative NOCFPS was offset in Cash Flow from Financing Activities (increase in short term loan).

CSE NEWS

Recommendation of dividend

Marico Bangladesh Limited: The board of directors of the company has declared 200 per cent interim cash dividend for the year ending on March 31, 2020 based on 6 months financials for the period ended on September 30, 2019. The record date for entitlement of interim cash dividend is November 12, 2019.

Board meetings

Takaful Islami Insurance Limited: A board meeting of the company will be held on October 31, 2019 at 3:30 PM to consider, among others, un-audited financial statements of the company for the third quarter period ended on September 30, 2019.

Bangladesh Finance and Investment Company Limited: A board meeting of the company will be held on October 29, 2019 at 2:45 PM to consider, among others, un-audited financial statements of the company for the third quarter period ended on September 30, 2019.

— DSE/CSE Online