Apex Tannery recommends 40pc cash dividend | daily-sun.com

Apex Tannery recommends 40pc cash dividend

Sun Online Desk     20th August, 2017 12:25:50 printer

Apex Tannery recommends 40pc cash dividend

The Board of Directors of Apex Tannery Limited, one of the leading firm in leather technology, has recommended 40 percent cash dividend for its shareholders for the year ended on June 30, 2017.

 

The final approval of the dividend will come at the annual general meeting (AGM) scheduled to be held at Bangladesh Shooting Sports Federation in city's Gulshan area at 10:00 am on September 25.

 

The record date for entitlement of cash dividend is on September 10, according to DSE website on Sunday.

 

The company has also reported earnings per share (EPS) without fair valuation surplus of Tk 2.95, net asset value (NAV) per share of Tk 73.56 and net operating cash flow per share (NOCFPS) of Tk 2.50 for the year ended on June 30, 2017 as against Tk 6.00, Tk 74.38 and Tk 3.08 respectively for the same period of the previous year.

 

There will be no price limit on the trading of the shares of the company Sunday (August 20) following its corporate declaration.

 

According to DSE data, each share of Apex Tannery closed at Tk 149.80 on Thursday (August 17). The company's share price hovered Tk 121.9 and Tk 167.8 in the last one year.

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