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The Financial Express

Golden Son declares dividend after three years

The company loses Tk 1.05 per share in FY20


| Updated: November 29, 2020 16:42:10


Evaly and Fianancial Express Evaly and Fianancial Express
Illustrative photo Illustrative photo

The board of directors of Golden Son Ltd has recommended a 2.5 per cent cash dividend for general shareholders, excluding sponsors/directors for the year ended on June 30, 2020.

The last time Golden Son disbursed dividend was in 2016 - a 5.0 per cent cash dividend.

Currently, the sponsors/directors hold 66,933,171 shares out of total 171,729,772 and the cash dividend to be payable to the general shareholders of Tk 26,199,150.25, according to an official disclosure on Wednesday.

The annual general meeting (AGM) will be held on December 31 at 11:00 am. The record date is December 15.

The company has also reported consolidated earnings per share (EPS) of Tk 1.05 in the negative, consolidated net asset value (NAV) per share of Tk 20.03 and consolidated net operating cash flow per share (NOCFPS) of Tk 0.10 for the year ended on June 30, 2020, as against Tk 0.99 in the negative, Tk 21.08 and Tk 1.02 respectively for the same period of the previous year.

The company has also informed that the consolidated EPS decreased significantly this year due to a significant decrease in turnover and increase of financial expenses compared to the previous year as an effect of Covid-19 pandemic.

The consolidated NOCFPS decreased significantly because of a decrease in cash receipts from customers in comparison to the previous year due to Covid-19 pandemic.

There will be no price limit on the trading of the shares of the Company today (25.11.2020) following its corporate declaration, however, as per the BSEC order dated March 19, 2020, the floor price shall be applicable accordingly.

Each share of the company, which was listed on the Dhaka Stock Exchange in 2007, closed at Tk 10 on Tuesday. Its share traded between Tk 4.90 and Tk 12.10 in the last one year.

The company’s paid-up capital is Tk 1.71 billion and authorised capital is Tk 5.0 billion while the total number of securities is 171.72 million.

The sponsor-directors own 38.98 per cent stake in the company, while the institutional investors own 18.91 per cent and the general public 42.11 per cent as on October 31, 2020, the DSE data shows.

Incorporated in 2013, Golden Son Ltd or (G.S.L) is a Taiwan-Bangladesh joint venture company. The engineering sector company is also producing baby items and teen products and garments accessories, fan and related accessories, aerosol products like body spray, gas, air freshener, perfume etc. The company is located in Chattogram.

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