Square Textiles earns Tk. 587.78m as net profit, approves 20pc cash, 10pc stock div

FE Report | Published: June 17, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

Square Textiles Ltd has approved cash dividend at the rate of 20% and Stock Dividend (Bonus Share) at the rate 10% to its shareholders for the year ended December 31, 2013 at its 19th Annual General Meeting held on the Factory Premises, Sardaganj, Kashimpur, Gazipur Monday.
The Annual General Meeting was presided over by the Vice Chairman of the Company Mrs. Ratna Patra, according to a statement.
Mr. Tapan Chowdhury, Managing Director; Mr. M Sekander Ali, Independent Director; Mr. Syed Afzal Hasan Uddin, Independent Director; Mr. Md. Kabir Reza, Director (A&F), Mr. Mostaque Ahmed Siddiqui, COO, Mr. Md. Alamgir Hossain, CFO and Mr. Khandaker Habibuzzaman, Company Secretary were present in the meeting.
The gross profit, net profit (Before Tax) and net profit (After Tax) for the year 2013 were Tk. 948.72 million, Tk. 696.78 million and Tk. 587.78 million respectively.
The company contributed an amount of Tk. 122.63 million to the National Exchequer. The company contributed substantially to the Foreign Exchange Reserve of the country through its marketing operation during 2013. This amounted to Tk. 1,746.94 million.
The Board of Directors appreciates the performance of the officers, staff and workers whose untiring efforts helped to optimize the profit of the Company. The Directors expressed their gratitude and acknowledged with keen interest the co-operation and unflinching support received from various agencies including Bangladesh Securities and Exchange Commission, Stock Exchanges, National Board of Revenue and other agencies of the public and private sector.
Shareholders attended the AGM and many of them took part in the discussion regarding company's performance and future expansion.
At the end Mr. Tapan Chowdhury on behalf of the Chairman of the Meeting, expressed his deep appreciation to shareholders for their trust and support to the company's performance.