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LBFL declares 15pc cash dividend

Published : Thursday, 14 February, 2019 at 12:00 AM  Count : 76
Business Desk

The Board of Directors of LankaBangla Finance Limited (LBFL) has recommended 15 per cent cash dividend for its shareholders for the year that concluded on December 31, 2018.
The LBFL's annual general meeting (AGM) will be held at 10:00am on March 27, 2019 at Midas Centre in the city's Dhanmondi area. The company's record date for the AGM is on March 7, 2019.
The company has also reported Consolidated EPS of Tk 0.85, Consolidated NAV per share of Tk 19.14 and Consolidated NOCFPS of Tk 3.30 for the same year as against Tk 4.15 (restated), Tk 18.19 (restated) and Tk (3.38) (restated) respectively for the same period of the previous year.
The LBFL board has also recommended 5 per cent cash dividend for its shareholders for the year that ended on December 31, 2018.

HR Tex to disburse cash dividendHR Textile Mills Limited (HR Tex) will disburse cash dividend for its shareholders for the year that ended on June 30, 2018 to their respective bank accounts through Bangladesh Electronic Fund Transfer Network (BEFTN) system.
The company's dividend warrants to the folio shareholders will be distributed on all working days from February 17 to February 19, 2019 between 10:00am to 5:00pm from its Dhaka Office.
Its uncollected dividend warrants will be sent through postal/courier service to the respective shareholders addresses after February 19, 2019.

Cos credit rating resultsZeal Bangla: Alpha Credit Rating Limited (AlphaRating) has rated Zeal Bangla Sugar Mills Limited (Zeal Bangla) as 'AAA' in the long term and 'ST-1' in the short term along with a stable outlook as a government supported entity.
However, as an entity without government support, long term rating was BB and short term rating was ST-4 with a stable outlook.
The rating is based on audited financial statements up to June 30, 2017 and relevant qualitative information up to February 9, 2019.
ITC: Credit Rating Agency of Bangladesh Limited (CRAB) has announced the entity rating of IT Consultants Limited (ITC) as 'A2' along with a stable outlook based on audited financial statements up to June 30, 2018; bank liability position as on January 24, 2019 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
GHCL: ARGUS Credit Rating Services Limited (ACRSL) has announced the rating of Global Heavy Chemicals Limited (GHCL) as 'A+' for long term and 'ST-2' for short term along with stable outlook in consideration of its audited financials up to June 30, 2018 and unaudited financial statements ending on September 30, 2018 and other relevant quantitative as well as qualitative information up to the date of rating declaration.    
    -SOURCE: DSE/CSE



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