Matin Spinning placed in ‘A’ category

Matin Spinning Mills Ltd (MSML) will be placed in "A" category from existing "N" category with effect from today (Monday) as the company disbursed 25 per cent cash dividend, officials said.

"The company will be placed in "A" category from existing "N" category with effect from December 08, 2014 as the company reported disbursement of 25 per cent cash dividend for the year ended on June 30, 2014," said a Dhaka Stock Exchange (DSE) web post on Sunday.

The board of directors of the apparel maker disbursed 25 per cent cash dividend for the year ended on June 30, 2014. The annual general meeting (AGM) was held on October 30, 2014.

Matin Spinning reported EPS (weighted average method) of Tk 4.24, EPS (Fully diluted basis) of Tk 3.26, NAV per share with revaluation reserve of Tk 39.42, NAV per share without revaluation reserve of Tk 29.21 and NOCFPS of Tk 11.06 for the year ended on June 30, 2014.

Share trading of Matin Spinning Mills was started on April 7 this year under 'N' category. The Matin Spinning Mills floated 34.1 million ordinary shares of Tk 37, including a premium of Tk 27 for each ten taka share and raised an amount of Tk 1.26 billion.

IDLC Investment was the issue manager of the Matin Spinning Mill's IPO.

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