Golden Son declares dividend after three years

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Business Desk :
The board of directors of Golden Son Ltd has recommended a 2.5 per cent cash dividend for general shareholders, excluding sponsors/directors for the year ended on June 30, 2020.
The last time Golden Son disbursed dividend was in 2016 – a 5.0 per cent cash dividend. Currently, the sponsors/directors hold 66,933,171 shares out of total 171,729,772 and the cash dividend to be payable to the general shareholders of Tk 26,199,150.25, according to an official disclosure on Wednesday.
The annual general meeting (AGM) will be held on December 31 at 11:00 am. The record date is December 15.
The company has also reported consolidated earnings per share (EPS) of Tk 1.05 in the negative, consolidated net asset value (NAV) per share of Tk 20.03 and consolidated net operating cash flow per share (NOCFPS) of Tk 0.10 for the year ended on June 30, 2020, as against Tk 0.99 in the negative, Tk 21.08 and Tk 1.02 respectively for the same period of the previous year.
The company has also informed that the consolidated EPS decreased significantly this year due to a significant decrease in turnover and increase of financial expenses compared to the previous year as an effect of Covid-19 pandemic.
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