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The Financial Express

Miracle Industries declares 1.0pc cash divided

The company incurs loss of Tk 3.62 per share


| Updated: December 10, 2020 11:09:39


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Miracle Industries declares 1.0pc cash divided

The board of directors of Miracle Industries Ltd has recommended only a 1.0 per cent cash dividend for the year ended on June 30, 2020.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on December 26 at 11:00 am through a digital platform.

The record date is December 13, according to an official disclosure on Tuesday.

The company has incurred a loss of Tk 3.62 per share for the year ended on June 30, 2020 as against a profit of Tk 0.23 per share in the previous year.

The net asset value (NAV) per share was Tk 31.93 and the net operating cash flow per share (NOCFPS) of Tk 6.67 for the year ended on June 30, 2020, as against Tk 38.85 and Tk 5.53 respectively for the same period of the previous year.

The company also reported EPS of Tk 0.02 for July-September 2020 as against negative Tk 1.25 for July-September 2019.

The company also informed that significant deviation in EPS due to a fall in turnover arising out of banking restrictions.

There will be no price limit on the trading of the shares of the company today following its corporate declaration; however, as per the BSEC order dated March 19, 2020, the floor price shall be applicable accordingly.

Each share of company, which was listed on the Dhaka Stock Exchange in 2000, closed at Tk 29 on Monday.

Its shares traded between Tk 14.30 and Tk 34.30 in the last one year.

The company disbursed 4.0 per cent cash dividend for the year ended on June 30, 2019.

The company’s paid-up capital is Tk 352.18 million and authorised capital is Tk 500 million, while the total number of securities is 35.21 million.

The sponsor-directors own 30 per cent stake in the company, while the general public 70 per cent as of October 31, 2020, the DSE data shows.

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