Quasem Drycell declares 18pc stock dividends for FY17

Anwarul Islam, Chairman, Board of Directors of Quasem Drycell Limited, presiding over its 36th AGM at a city convention centre on Thursday. The AGM approved 18 percent stock dividend for FY 2016-17. Tasvir Ul Islam, Managing Director, Dr Reyan Anis Islam,
Anwarul Islam, Chairman, Board of Directors of Quasem Drycell Limited, presiding over its 36th AGM at a city convention centre on Thursday. The AGM approved 18 percent stock dividend for FY 2016-17. Tasvir Ul Islam, Managing Director, Dr Reyan Anis Islam,
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Business Desk :
The Quasem Drycell Limited on Thursday declared 18 percent stock dividend, considering net profit before tax at Taka 127.56 million and Earning Per Share (EPS) at Taka 2.15 for the 2016-17 fiscal.
The announcement came at the 36th Annual General Meeting of the company held in the city’s RAOWA complex in Mohakhlia in the capital, said a press release.
Anwarul Islam, Chairman of the Board of Directors of the company, presided over the meeting.
Quasem Drycell Managing Director and Chief Executive Officer (CEO) Tasvir Ul Islam, Directors Dr Reyan Anis Islam, Nafisa Quasem, Sammed Quasem and Tariq Abul Ala were, among others, present at the meeting.
The meeting also decided to change the company name from Quasem Drycells Ltd. to “Quasem Industries Ltd” as it has been expanding its operation in various other product and service sectors.
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