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The Financial Express

Renata recommends 140pc dividend

| Updated: October 28, 2020 16:06:05


Lankabangla and Fianancial Express Lankabangla and Fianancial Express
Renata recommends 140pc dividend

Renata has recommended 130 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2020.

The company's board of directors has made the recommendation at a meeting. The company has also said stock dividend has been recommended to utilise its retained amount as capital for manufacturing facility expansion.

The company's earnings also rose marginally for the year ended on June 30, 2020, compared to the same period of the previous year.

For the year ended on June 30, 2020 the company has reported earnings per share (EPS) of Tk 45.29, which was 6.84 per cent higher than the EPS of the previous year.

Renata has also reported consolidated NAV per share of Tk. 245.65 and consolidated NOCFPS of Tk. 52.89 for the year ended on June 30, 2020, as against Tk. 209.91 and Tk. 47.76 respectively for the same period of the previous year.

In its disclosure, the company has informed that bonus shares have been recommended in view to utilise its retained amount as capital for manufacturing facility expansion.

"Bonus shares are declared out of accumulated profit," said the disclosure of Renata.

The company distributed 100 per cent cash and 10 stock dividend for the year ended on June 30, 2019.

Renata, presently an 'A' category company of the pharmaceuticals sector, was listed on the stock exchange in1979.

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