The Financial Express

GBB Power declares 10pc cash dividend

| Updated: November 05, 2019 11:39:49

Evaly and Fianancial Express Evaly and Fianancial Express
GBB Power declares 10pc dividend

The board of directors of GBB Power Limited has recommended 10 per cent cash dividend for the year ended on June 30, 2019, said an official disclosure on Monday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 18, 2019 in Bogura.

The record date is December 3, 2019.

The company has also reported EPS of Tk 0.76, NAV per share of Tk 20.30 and NOCFPS of Tk 1.04 for the year ended on June 30, 2019 as against Tk 0.94, Tk. 19.54 and Tk (0.01) respectively for the same period of the previous year.

The company also informed that Net Operating Cash Flow per Share (NOCFPS) increases due to Income Tax Refund and Reduce of Cost & Expenses.

In 2018, the company also declared ‘No” dividend.

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 2012, closed at Tk 12 on Sunday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 1.01 billion and authorised capital is Tk 2.0 billion while total number of securities is 101.80 million.

The sponsor-directors own 32.01 cent stake in the company, while the institutional investors own 14.66 per cent, and the general public 53.33 per cent as on September 30, 2019, the DSE data shows.

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