Sinobangla Industries will be placed in "A" category from existing "Z" category with effect from today (Wednesday) as the company has reported disbursement of 10 per cent cash dividend for the year ended on June 30, 2017.
"The stockbrokers and merchant bankers are requested to abstain from providing loan facilities to purchase securities of Sinobangla Industries during the period from 1st to 30th trading day after change of the categories with effect from Wednesday as per securities regulator's directive in this regard," said a disclosure posted on the Dhaka Stock Exchange (DSE) website on Tuesday.
The share price of Sinobangla, which was listed on the Dhaka bourse in 1999, closed at Tk 54.10, losing 0.92 per cent over the previous day.
The company has also reported earnings per share (EPS) of Tk 0.39 for July-December, 2017 as against Tk 0.41 for July-December, 2016.
In six months for July-December, 2017, EPS was Tk 0.63 as against Tk 0.61 for July-December, 2016.
The net operating cash flow per share (NOCFPS) was Tk 3.14 for July-December, 2017 as against Tk 1.39 for July-December, 2016. The net asset value (NAV) per share was Tk 26.86 as on December 31, 2017 and Tk 26.23 as on June 30, 2017.
The company's paid-up capital is Tk 199.99 million and authorised capital is Tk 1.0 billion, while the total number of securities is 19.99 million.
The sponsor-directors own 30.61 per cent stake in the company, while institutional investors own 6.25 per cent, foreign 9.58 per cent and general public 53.56 per cent as on January 31, 2018, the DSE data shows.
Sinobangla Industries is one of the leading plastic packaging manufacturers in Bangladesh with a diverse product portfolio. Founded in 1996 as China- Bangladesh joint venture, the company produces and exports a complete range of polypropylene woven sacks and value added FIBCs (Flexible Intermediate Bulk Containers), according the company's website.
© 2024 - All Rights with The Financial Express
