Marico to invest Tk 294m for capacity expansion

The board of directors of Marico Bangladesh has decided to invest Tk 294 million from the available funds of the company.

The multinational company will invest the said amount for expansion the capacity at its factory locations at Mouchak and Shirirchala, said an official disclosure on Sunday.

Marico Bangladesh, which was listed on the Dhaka Stock Exchange (DSE) in 2009, disbursed 250 per cent interim cash dividend for the year ending on March 31, 2019 based on six months of financials ended on September 30, 2018.

In 2018, the company disbursed a total of 600 per cent cash dividend.

Each share of the company closed at Tk 1314.50 each on Sunday at the prime bourse, gaining 0.33 per cent over the previous session.

The company's earnings per share (EPS) stood at Tk 16.47 for the October-December period of 2018 as against Tk 11.18 for October-December 2017.

In nine months for April-December 2018, its EPS was Tk 49.39 as against Tk 41.38 for April-December 2017.

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