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The boards of directors of Summit Power Ltd and BD Thai Aluminum Ltd have recommended cash dividends for the year ended on June 30, 2020.
The information was confirmed on the website of the Dhaka Stock Exchange (DSE) on Thursday.
The board of directors of Summit Power Ltd has recommended 20 per cent final cash dividend. Total 35 per cent cash dividend for the same financial year (inclusive of 15 per cent interim cash dividend) already has been paid by the company.
The company will hold its annual general meeting (AGM) through a digital platform at 11am on December 14. The record date is November 15.
The company has also reported consolidated earnings per share (EPS) of 5.17 taka, consolidated net asset value (NAV) per share of 31.50 taka and consolidated net operating cash flow per share (NOCFPS) of 9.42 taka for the year ended on June 30, 2020, as against 4.78 taka, 32.40 taka and 5.67 taka respectively for the same period of the previous year.
On the other hand, the board of directors of BD Thai Aluminum Ltd has recommended 3 per cent cash and 3 per cent stock dividend for the year ended on June 30, 2020.
The company has also reported earnings per share (EPS) of 0.21 taka, net asset value (NAV) per share of 27.60 taka and net operating cash flow per share (NOCFPS) of 0.01 taka for the year ended on June 30, 2020, as against 0.56 taka, 27.36 taka and 0.46 taka respectively for the same period of the previous year.
The company’s annual general meeting (AGM) will be held through a digital platform at 11am on November 29. The record date is November 1.
There will be no price limit on the trading of the shares of both the companies today (Thursday) following respective corporate declarations. However, as per a Bangladesh Securities and Exchange Commission (BSEC) order issued on March 19, 2020, the floor price shall be applicable accordingly.
