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Monno Ceramic Surges 39.47% with 10% Dividend

Industry: Building Material, Ceramic
Company: Monno Ceramic
Company Intelligence Tag: Business Insights

Monno Ceramic, a well-established ceramics company listed on the stock market since 1983, recently had its debt position disclosed by National Credit Ratings Limited. The company received an ‘A’ long-term rating and an ‘ST-2’ short-term rating based on the audited financial statements ending on June 30, 2022. With an approved capital of 100 crore taka, Monno Ceramic’s paid-up capital stands at 37 crore 72 lakh 40 thousand taka, complemented by reserves totaling 275 crore 41 lakh taka. The company holds a significant 47.67% of shares with general investors, while sponsors, directors, institutional investors, and foreign investors hold the rest.

In terms of financial performance, the audited report for the same year reveals a cash dividend of 10%, accompanied by earnings per share (EPS) of Tk 1.03 and a net asset value (NAV) per share of Tk 83.01. This marks a steady increase compared to the previous year ending on June 30, 2021, where the cash dividend remained at 10% with EPS at Tk 0.90 and NAV per share at Tk 57.37. Notably, Monno Ceramic’s share price witnessed an upward trajectory, surging by 39.47% within a single trading day on the Dhaka Stock Exchange, closing in at a range of Tk 104.10 to Tk 105.90.

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