Berger Paints Bangladesh Limited has decided to establish a wholly-owned subsidiary company with an investment of Tk 25 lakh.
The subsidiary company named “Berger Tech Consulting Limited" will carry on the business of providing different information technology-enabled services and related consultancy services in Bangladesh, the company announced in a filing with Dhaka Stock Exchange on Monday.
The company has recommended a 400 per cent cash dividend for its shareholders for the period ended on March 31, 2022.
The earnings per share (EPS) of Berger Paints Bangladesh Limited increased to Tk 62.68 in the year ended December 31, 2021, which was Tk 57.55 in the previous year.
Berger Paints was listed on the Dhaka Stock Exchange in 2006. The company belongs to the "A" category. Its paid-up capital is Tk 46 crore and its authorized capital is Tk 100 crore.
In the first three hours of trading on Monday, its share price fell 0.10 per cent to Tk 1,750 on the DSE.
The company disbursed a 375 per cent cash dividend for the year that ended on March 31, 2021.
