Kohinoor Chemical Declares 50% Cash Dividend

Industry: Chemical
Company: Kohinoor Chemicals Company Bangladesh Ltd.
Company Intelligence Tag: Business Insights

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.

Source for more details:

Related News

Four SoEs Report Tk 28238 Crore Losses Over 28 Years

January 27, 2025

Four state-owned enterprises (SoEs) in Bangladesh reported cumulative losses of Tk 28,238 crore over 28 years due to inefficiencies. The Bangladesh Jute Mills Corporation (BJMC) closed 25 mills in 2020, incurring Tk 9,497 crore in losses over 28 years, with profits reported only once.

Two Bangladeshi Startups Receive BDT 10M Grants

January 8, 2025

TRANSFORM, an impact accelerator led by Unilever, the UK Government, and EY, announced grants of up to BDT 10 million each for two Bangladeshi SMEs focused on climate resilience.

Petrobangla’s Proposed Gas Price Hike Could Harm Economy

January 8, 2025

A proposed hike in gas prices by Petrobangla has sparked major concerns among industrialists in Bangladesh, fearing economic harm. Industrial leaders argue that the increase, if approved, could lead to factory closures, job losses, and reduced industrial output, harming economic growth and potentially causing social unrest.

Reduced IPOs and Higher Costs Lead to DSE’s Tk 20 Crore Loss

January 8, 2025

In FY 2023-24, the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) faced operating losses due to reduced trading, fewer IPOs, and increased costs. The DSE's core revenue of Tk 125 crore fell short of expenses, causing a Tk 20 crore loss, while the CSE incurred a Tk 10 crore loss with Tk 31 crore in core revenue.

SK Trims and Industries Reports Tk 4 Crore Loss

January 2, 2025

SK Trims & Industries, a garment accessory manufacturer, experienced significant financial challenges in the first quarter of the 2024-25 financial year. The company reported a net loss of Tk 4.46 crore in the July-September quarter, contrasting with a Tk 4.29 crore profit from the same period last year.

Petrobangla to Import 115 LNG Cargoes in 2025

January 2, 2025

Bangladesh plans to increase reliance on the volatile spot market for importing liquefied natural gas (LNG) in 2025 to meet growing industrial and power demands amid declining domestic gas production. State-run Petrobangla aims to import 115 LNG cargoes this year—59 from the spot market and 56 from long-term suppliers—marking a 33.72% rise from 2024.

Related News

Four SoEs Report Tk 28238 Crore Losses Over 28 Years

January 27, 2025

Four state-owned enterprises (SoEs) in Bangladesh reported cumulative losses of Tk 28,238 crore over 28 years due to inefficiencies. The Bangladesh Jute Mills Corporation (BJMC) closed 25 mills in 2020, incurring Tk 9,497 crore in losses over 28 years, with profits reported only once.

Two Bangladeshi Startups Receive BDT 10M Grants

January 8, 2025

TRANSFORM, an impact accelerator led by Unilever, the UK Government, and EY, announced grants of up to BDT 10 million each for two Bangladeshi SMEs focused on climate resilience.

Petrobangla’s Proposed Gas Price Hike Could Harm Economy

January 8, 2025

A proposed hike in gas prices by Petrobangla has sparked major concerns among industrialists in Bangladesh, fearing economic harm. Industrial leaders argue that the increase, if approved, could lead to factory closures, job losses, and reduced industrial output, harming economic growth and potentially causing social unrest.

Reduced IPOs and Higher Costs Lead to DSE’s Tk 20 Crore Loss

January 8, 2025

In FY 2023-24, the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) faced operating losses due to reduced trading, fewer IPOs, and increased costs. The DSE's core revenue of Tk 125 crore fell short of expenses, causing a Tk 20 crore loss, while the CSE incurred a Tk 10 crore loss with Tk 31 crore in core revenue.

SK Trims and Industries Reports Tk 4 Crore Loss

January 2, 2025

SK Trims & Industries, a garment accessory manufacturer, experienced significant financial challenges in the first quarter of the 2024-25 financial year. The company reported a net loss of Tk 4.46 crore in the July-September quarter, contrasting with a Tk 4.29 crore profit from the same period last year.

Petrobangla to Import 115 LNG Cargoes in 2025

January 2, 2025

Bangladesh plans to increase reliance on the volatile spot market for importing liquefied natural gas (LNG) in 2025 to meet growing industrial and power demands amid declining domestic gas production. State-run Petrobangla aims to import 115 LNG cargoes this year—59 from the spot market and 56 from long-term suppliers—marking a 33.72% rise from 2024.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here