The 455th meeting of the board of directors of Investment Corporation of Bangladesh (ICB) was held in the city on Sunday. The meeting approved the balance sheet and profit & loss account of the corporation for the year 2013-14. The ICB earned Tk 3.11 bill
The Board of Directors of Investment Corporation of Bangladesh (ICB) has recommended 45 per cent cash dividend (i.e. Tk 45 per share of Tk 100 each) for the year ended on June 30, 2014, officials said.
The recommendation came from its 455th board meeting held Sunday at its office. The board of directors also approved the audited Accounts of the Corporation for the year ended 30 June, 2014.
The annual general meeting (AGM) will be held December 20 at 10:30am at the "Jalshaghar", Hotel Purbani International Ltd., 1 Dilkusha C/A, Dhaka-1000. Record Date: 03.12.2014.
The Corporation has reported consolidated net profit after tax of Tk 3,605.80 million, consolidated EPS of Tk 85.47, consolidated NAV per share of Tk 730.76 and consolidated NOCFPS of Tk 323.34 for the year ended on June 30, 2014 as against Tk 3,288.60 million, Tk 77.95, Tk 607.74 and Tk 368.92 respectively for the year ended on June 30, 2013.
The ICB has also reported net profit after tax of Tk 3,105.10 million, EPS of Tk 73.60, NAV per share of Tk 614.97 and NOCFPS of Tk 288.15 for the year ended on June 30, 2014 as against Tk 2,479.10 million, Tk 58.76, Tk 500.63 and Tk 360.79 respectively for the year ended on June 30, 2013.
The board observed that ICB along with its three subsidiary companies performed well despite bearish trend and huge challenges in stock market. The board appreciated the prudent management and professional commitment of all employees of the Corporation and expressed gratitude to the shareholders and investors for their trust and confidence.
The state run Investment Corporation of Bangladesh listed in the Dhaka Stock Exchange (DSE) in 1977, also disbursed 40 per cent cash dividend in the year ended June 30, 2013.
The government run non-banking financial institutional firm listed in the Dhaka Stock Exchange (DSE) in 1977 and belonging to 'A' category. Face value is Tk 100.
Of the total shares - the government held by 27 per cent, institutions 70.82 per cent and public held by 2.18 per cent, according to DSE website.
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