Grameenphone Limited has initiated the use of Alternative Dispute Resolution (ADR) to resolve corporate income tax disputes. An agreement has been made with the Large Tax Paying Unit (LTU-Tax) to settle income tax disputes spanning a 12-year period from 2007-08 to 2019-20. The company shared this development through the Dhaka Stock Exchange (DSE). In other news, Grameenphone paid a generous cash dividend of 220 percent to its shareholders for the financial year ending December 31, 2022, with a breakdown of 95 percent as the final cash dividend and 125 percent as the interim cash dividend. The company’s financial performance showed an Earnings per Share (EPS) of Tk 22.29 paise for the current fiscal year, slightly lower compared to Tk 25.28 paise in the previous year. Grameenphone’s latest unaudited financial report also highlights an EPS of Rs 5.77 paise for the first quarter of the current fiscal year and a credit rating of ‘Triple A’ for the long term and ‘ST-1’ for the short term by Credit Rating Information and Services Limited (CRISL).
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