CSE approves 6pc dividend for shareholders

Staff Correspondent | Published: 22:45, Oct 29,2017 | Updated: 23:37, Oct 29,2017

 
 

Chittagong Stock Exchange has declared 6 per cent cash dividends for its shareholders for 18 months ending June, 2017.
At the 22nd annual general meeting of the bourse held on October 25, it also announced Tk 55 crore in profit after tax for the period between January 2016 and June 2017.
The port city bourse’s earning per share stood at Tk 0.87 for the 18- month period. The CSE has 148-member shareholders.
As the bourse flipped to July-June reporting year for its financial statement, as per the rules, it made an 18-month financial statement, which also included statement for financial year 2016-2017.
For 12-month of FY17, the bourse’s profit after tax stood Tk 34.8 crore with EPS of Tk 0.55.
It earned Tk 24.9 crore in profit after tax in 2015 calendar year with an EPS of Tk 0.39.
CSE chairman AK Abdul Momen at a post-AGM press conference on Sunday said a portion of profits will be used in market improvements including launching unique products and features.
He said that the board of directors is continuously making efforts to uphold and protect the interests of shareholders and ensure stable growth of the company.
At the AGM, the board of directors consented to launce netting system first time in the county’s capital market so that investors could buy and sell same scrips many times in a day that would increase liquidity in the market, he said.
The CSE directors also agreed to form subsidiary companies, build CSE tower and to launce new products including derivatives, ETF and commodity exchange, he said.
CSE managing director Shaifur Rahman Mazumdar said ‘there should be harmony among the key regulators in making and executing policy related to the capital market that could bring stable growth in the sector’.
The AGM also approved induction of Mirza Salman Ispahani and Sahjada Mahmud Chowdhury in the board as they were elected directors unopposed earlier. 

More about:

Want stories like this in your inbox?

Sign up to exclusive daily email

Advertisement

images

 

Advertisement

images