ICB board recommends dividends

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FE Team | Published: October 28, 2020 22:44:45

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The Board of Directors of the Investment Corporation of Bangladesh (ICB) in its 585th meeting on Wednesday approved the Financial Statements of the Corporation for the FY 2019-2020, says a press release.
Investment Corporation of Bangladesh earned Tk 564.9 million (56.49) crore net profit after tax for the year ended 30 June, 2020.
The Board has recommended cash dividend of 5 per cent and stock dividend of 5 per cent for the year ended 30 June 2020.
The record date is 22 November, 2020 and the 44th Annual General Meeting of the Corporation will be held on 19 December at 10:30 am through a digital platform.
Board observed that Investment Corporation of Bangladesh along with its three Subsidiary Companies performed well despite huge challenges in share market.
The Board appreciated the prudent management and professional commitment of all employees of the Corporation and expressed gratitude to the shareholders & investors for their trust and confidence on Investment Corporation of Bangladesh.