The company recommended a 5 per cent final cash dividend, with another 5 per cent dividend declared earlier. It also offered a 5 per cent interim cash dividend that has already been paid.
The annual general meeting (AGM) of the company is scheduled to take place virtually on December 27, 2021.
The company’s business operation has been showing signs of recovery since the final quarter of the 2020-21 fiscal year (FY).
Meanwhile, higher fabric prices prompted by the global cotton price hike has come on top of surging freight charges and shipment delays which are forcing the company to compromise prices to stay afloat.
The company also reported earnings per share (EPS) of Tk 0.56 and net asset value (NAV) per share of Tk 37.79 for the year ended on June 30, 2021, as against Tk 1.63 and Tk 38.43 respectively for the same period of the previous year.
In its filing, the company said that the significant deviation in its EPS is due to the company’s total revenue increasing by 5.97 per cent over the previous FY.
Source: Dhaka Tribune