Economic Reporter :
Appollo Ispat Company Limited, listed at stock market under engineering category, organised its 20th Annual General meeting at army golf club in the city on Thursday.
The shareholders at the AGM approved the declared 15 percent stock dividend for the year ended on June 2014.
Chairman of the Board of directors of the company Deen Mohammad chaired the AGM.
The financial statement of the company, the audited report and directors’ report were approved at the AGM.
Directors of the company MA Mazid, Md Rafiq, Managing Director Md Ansar Ali, Deputy Managing Director Abdur Rahman, Executive Director and Company Secretary SA Hasan were present at the AGM.
Speaking at the AGM, deen Mohammad said Appollo Ispat has been able to retain its growth during last year despite the political turmoil. The implementation of NOF project has made satisfactory progress by this time and it is expected that the work on the project will complete by 2016.
Hailing the shareholders for their confidence over the company, Chairman Deen Mohammad said, “We are impressed over the response that the investors shown over the Board and Management of the company.” “Hope, investors would continue their support in the future,” he added.
The company’s net income during the first quarter of the current fiscal (2015-16) rose by 41 percent as it earned net income worth Tk 22.93 crore during the said period, against Tk 13,52,65000/= in the same period last fiscal.
During the first quarter of this fiscal, the company’s EPS has stood at 0.80. The EPS during the corresponding period last fiscal was 0.54.
Appollo Ispat Company Limited, listed at stock market under engineering category, organised its 20th Annual General meeting at army golf club in the city on Thursday.
The shareholders at the AGM approved the declared 15 percent stock dividend for the year ended on June 2014.
Chairman of the Board of directors of the company Deen Mohammad chaired the AGM.
The financial statement of the company, the audited report and directors’ report were approved at the AGM.
Directors of the company MA Mazid, Md Rafiq, Managing Director Md Ansar Ali, Deputy Managing Director Abdur Rahman, Executive Director and Company Secretary SA Hasan were present at the AGM.
Speaking at the AGM, deen Mohammad said Appollo Ispat has been able to retain its growth during last year despite the political turmoil. The implementation of NOF project has made satisfactory progress by this time and it is expected that the work on the project will complete by 2016.
Hailing the shareholders for their confidence over the company, Chairman Deen Mohammad said, “We are impressed over the response that the investors shown over the Board and Management of the company.” “Hope, investors would continue their support in the future,” he added.
The company’s net income during the first quarter of the current fiscal (2015-16) rose by 41 percent as it earned net income worth Tk 22.93 crore during the said period, against Tk 13,52,65000/= in the same period last fiscal.
During the first quarter of this fiscal, the company’s EPS has stood at 0.80. The EPS during the corresponding period last fiscal was 0.54.
