Square Textiles Ltd declares 10pc cash dividend

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Economic Reporter :
Square Textiles Limited declared 10 per cent cash dividend for the shareholders for the year ended June 30, 2020 at its 25th Annual General Meeting held under virtual platform on Tuesday.
The AGM was presided over by the Chairman of the Company Tapan Chowdhury. Ratna Patra, Vice Chairman, Samuel S Chowdhury, Managing Director, Anjan Chowdhury, Director, Nihad Kabir and S M Rezaur Rahman, Independent Director, Md Kabir Reza, Head of A&F, M Habibur Rahman, Chief Financial Officer and Sanjib Baran Roy, Company Secretary were present in the meeting.
The consolidated turnover, Gross Profit and Net Profit (After Tax) for the year ended June 30, 2020 were Tk 1,035 crore, Tk 74.14 crore and Tk 5.33 crore respectively. The company contributed an amount of Tk 8.15 crore to the National Exchequer.
The Board of Directors appreciates the performance of the officers, staff and workers whose untiring efforts helped to optimize the profit of the Company.
The Directors expressed their gratitude and acknowledged with keen interest the co-operation and unflinching support received from various agencies including Bangladesh Securities and Exchange Commission, Stock Exchanges, National Board of Revenue and other agencies of the public and private sector.
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