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Apex Spinning, Apex Food recommend dividend

FE Online Report | Published: October 21, 2019 11:03:36 | Updated: October 22, 2019 10:38:51


Apex Spinning & Knitting Mills and Apex Foods Ltd have recommended 20 per cent cash dividend each for the year ended on June 30, 2019, according to separate official disclosure on Monday.

Apex Spinning: The board of directors of Apex Spinning & Knitting Mills has recommended 20 per cent cash dividend for the year ended on June 30, 2019.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on December 12 in Dhaka.

The record date is November 11, 2019.

The company has also reported EPS of Tk 2.93, NAV per share of Tk 55.08 and NOCFPS of Tk 10.02 for the year ended on June 30, 2018 as against Tk 2.86, Tk. 54.76 and Tk (10.31) respectively for the same period of the previous year.

The comparative financial statements of the company have been re-stated due to recognition of deferred tax on cash incentive receivable.

Due to restatement the opening balance of retained earning & deferred tax liability of comparative financial statements and net profit after tax, for the year 2017-2018 have been changed accordingly.

There will be no price limit on the trading of the shares of the company today following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 1994, closed at Tk 102.90 each on Sunday.

Apex Foods: The board of directors of Apex Foods has recommended 20 per cent cash dividend for the year ended on June 30, 2019.

The final approval of the dividend will come during the annual general meeting scheduled to be held on December 12 in Dhaka.

The record date is November 11, 2019.

The company has also reported EPS of Tk 2.07, NAV per share of Tk 124.30 and NOCFPS of Tk 24.70 for the year ended on June 30, 2019 as against Tk 1.69, Tk. 136.57 and Tk 8.25 respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the company today following its corporate declaration.

Each share of the company, which was listed on the Dhaka bourse in 1981, closed at Tk 129.30 each on Sunday.

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