Business Desk :
The 24thAnnual General Meeting of Metro Spinning Limited was held on Thursday at Maksons Group Conference Hall in Gouripur of Ashulia in Savar chaired by the Chairman of the Company Haider Ahmed Khan. In the meeting all the members of the Board of Directors and respective shareholders were present and the AGM unanimously approved 2 per cent Cash Dividend for the Financial Year 2018-2019, said a press release.
In the meeting, Managing Director of the company Mohammad Ali Khokon replied to all the queries made by the Shareholders with full enthusiasm and sincerity. Shareholders gave valuable suggestions for well being of the company. He also, along with the other directors showed gratitude to the shareholders for their kind support and suggestions and expressed their future expectations from them for the company to expand and flourish. In the meeting the Audited Annual Financial Statements along with Director’s Report were unanimously passed and approved by shareholders. Mohammad Ali Khokon was elected as Chairman and Mohd. Showkot Ali elected as Managing Director by shareholders of the company. Directors Mohammad Ali Khokon and Laila Ali retired by rotation as per company Act 1994, and were subsequently re-elected with shareholders approval. Dr. Mijanur Rahman elected as 2nd Independent Director of the company. During the Financial Year 2018-2019, the company had achieved a total turnover Tk. 90.43 Crore, Net Profit before tax of Tk. 1.68Crore, Net Profit after tax of Tk. 1.29 croreand EPS stood at Tk. 0.21 Total Fixed Asset of the company at the end of the year stand at Tk. 79.84 crore, Net Asset Value (NAV) Per Share stood at Tk. 14.88 accordingly.
The 24thAnnual General Meeting of Metro Spinning Limited was held on Thursday at Maksons Group Conference Hall in Gouripur of Ashulia in Savar chaired by the Chairman of the Company Haider Ahmed Khan. In the meeting all the members of the Board of Directors and respective shareholders were present and the AGM unanimously approved 2 per cent Cash Dividend for the Financial Year 2018-2019, said a press release.
In the meeting, Managing Director of the company Mohammad Ali Khokon replied to all the queries made by the Shareholders with full enthusiasm and sincerity. Shareholders gave valuable suggestions for well being of the company. He also, along with the other directors showed gratitude to the shareholders for their kind support and suggestions and expressed their future expectations from them for the company to expand and flourish. In the meeting the Audited Annual Financial Statements along with Director’s Report were unanimously passed and approved by shareholders. Mohammad Ali Khokon was elected as Chairman and Mohd. Showkot Ali elected as Managing Director by shareholders of the company. Directors Mohammad Ali Khokon and Laila Ali retired by rotation as per company Act 1994, and were subsequently re-elected with shareholders approval. Dr. Mijanur Rahman elected as 2nd Independent Director of the company. During the Financial Year 2018-2019, the company had achieved a total turnover Tk. 90.43 Crore, Net Profit before tax of Tk. 1.68Crore, Net Profit after tax of Tk. 1.29 croreand EPS stood at Tk. 0.21 Total Fixed Asset of the company at the end of the year stand at Tk. 79.84 crore, Net Asset Value (NAV) Per Share stood at Tk. 14.88 accordingly.
