Maksons approves 5pc stock dividend

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Business Desk :
The Board of Directors of Maksons Spinning Mills Limited in its 52nd board meeting recommended 5percent stock dividend for its shareholders for the year 2013-14, says a press release.
Abdul Ali, Chairman of the company presided over the meeting held at its corporate office at Uttara in the city recently.
Managing Director, Mohammad Ali Khokon and other directors of the board were present at the meeting.
The Board expressed their satisfaction on the company’s performance and unanimously recommended 5percent Stock Dividend (i.e. 25 bonus shares for every 500 shares) for the financial year 2013-14.
The meeting also decided to hold 10th Annual General Meeting of the company on Tuesday, 07 April, 2015 at 09.30am at Maksons Group Conference Hall, Ashulia, Savar, Dhaka (Subject to approval of BSEC).
Record date for the AGM will be 26/02/2015.
The company achieved a turnover of Tk 189.48crore, Net Profit before tax of Tk 21.41crore and Net Profit after tax of Tk15.79crore. Company’s EPS has stood at Tk0.73, Net Asset Value (NAY) Per Share is Tk19.78 for the year 2013-14.
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