13th AGM held: GPH Ispat declares 10 PC divident

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Chattogram Bureau :
The 13th Annual General Meeting (AGM) of GPH Ispat was held at City Convention Hall on Thursday .
GPH Ispat Ltd Chairman Md Alamgir Kabir presided over the meeting. Managing Director Mohammad Jahangir Alam, Additional Managing Director Mohammad Almas Shimul, Directors- Mohammad Abdur Rouf, Mohammad Asrafuzzaman, Mohammad Abdul Ahad, Azizul Haque, Independent Director Mukhtar Ahmad, Advisors- Saika Sefa, Musfique Saleheen Sadaf Executive Director (ED)- Group & Company Secretary Abu Baker Siddique FCMA, ED-Plant Engr. Madani Imtiaz Hossain, ED- Finance and Business Development Kamrul Islam FCA, Chief Financial Officer H.M. Ashraf Uz Zaman FCA and former CAE director Mohammad Mohiuddin FCMA and high officials of the company were present .
Apart from that, Shareholders of the company were also present at the program. At the meeting, the financial reporters of GPH Ispat completed by June 30,2019 relevant audit reports and reports of Board of Directors have been approved unanimously. The meeting also approved 5% Cash & 5% Stock dividend for the shareholders for the 2018-19 fiscal year.
In the welcoming speech Chairman Alamgir Kabir Said, After Visiting GPH Ispat’s new plant engineers, expertise and channel partners of GPH opined that, they are expecting pure steel product for many years.
Managing Director Mohammad Jahangir Alam said, through QAEF technology GPH Ispat moving one step closer by January,2020 and will implement Prime Minister’s ‘mission 2021’ one year before. After mentioning development in all index he said, in 2018-19 total profit was Tk 806.20 million exceeding the previous year by 21.04%. He also said, because of VAT, AIT and bad competitions price of production cost goes high.
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