Kohinoor Chemical Company (Bangladesh) Limited has declared a record 50% cash dividend and a 10% stock dividend for the fiscal year 2023-24, marking the highest payout in the company’s history. This was approved during a board meeting on Tuesday. The company had previously declared a 40% cash and 10% stock dividend for FY23. The Annual General Meeting (AGM) for approval of the dividend and financial reports is scheduled for December 17, to be held virtually, with a shareholder record date of November 28.
For FY24, Kohinoor achieved a record net profit of Tk51 crore, a 35% increase from the previous year. Earnings per share rose to Tk15.12, up from Tk11.19. The company’s net asset value per share reached Tk60.35, with a net operating cash flow per share of Tk28.67. Listed since 1988, Kohinoor Chemical is Bangladesh’s largest manufacturer of soaps and toiletries, with its shares closing at Tk541.20 on Tuesday.
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