Maksons approves 5pc stock dividend

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Business Desk :
The 10th Annual General Meeting of Maksons Spinning Mills Limited was held at its Conference Hall in Savar on Tuesday. The AGM approves 5percent stock dividend (i.e. 25 Bonus Shares for every 500 Shares) for its shareholders for the financial year 2013-2014.
Mohammad Ali Khokon, Managing Director of the company chaired the AGM.
During the Financial Year 2013-2014, the company has achieved a total turnover Tk. 189.48 crore, net profit before tax Tk 21.41 crore, net profit after tax Tk 15.79 crore and EPS stood at Tk 0.73, Total Fixed Asset of the company at the end of the year stands at Tk. 240.88 crore, Net Asset Value (NAV) per share stood at Tk 19.78.
The proposal of Board “To extend time up to March 2016 for implementation/utilization schedule fund of right issue was also unanimously approved by the shareholders”.
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