Home ›› 27 Oct 2020 ›› World Biz
The board of directors of pharmaceutical company Renata Ltd has recommended 130 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2020.
The Dhaka Stock Exchange (DSE) confirmed the information on its website Tuesday.
The final approval will come at the annual general meeting (AGM) scheduled to be held at 11:00am on December 19 through a digital platform. The record date is November 16.
The company has also reported consolidated earnings per share (EPS) of 45.29 taka, consolidated net asset value (NAV) per share of 245.65 taka and consolidated net operating cash flow per share (NOCFPS) of 52.89 taka for the year ended on June 30, 2020, as against 42.39 taka, 209.91 taka and 47.76 taka respectively for the same period of the previous year.
Consolidated earnings per share (EPS) was 0.74 taka for July-September 2020 as against 0.002 taka for July-September 2019; consolidated earnings per share (EPS) was 0.88 taka for January-September 2020 as against 0.48 taka for January-September 2019.
Consolidated net operating cash flow per share (NOCFPS) was 10.58 taka for January-September 2020 as against 6.47 taka for January-September 2019. Consolidated net asset value (NAV) per share was 17.81 taka as on September 30, 2020, and 17.60 taka as on December 31, 2019.
The company has also informed that — (i) bonus shares have been recommended in view to utilize its retained amount as capital for manufacturing facility expansion. (ii) bonus shares are declared out of accumulated profit and iii) bonus shares are not declared from the capital reserve or revaluation reserve or any unrealized gain or out of the profit the earned prior to incorporation of the company or through reducing paid-up capital or through doing anything so that the post-dividend retained earning become negative or a debit balance.
There will be no price limit on the trading of the shares of the company today following its corporate declaration. However, as per a Bangladesh Securities and Exchange Commission (BSEC) order issued on March 19, 2020, the floor price will be applicable accordingly.
