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The Financial Express

Monno Ceramic recommends 20pc dividend

| Updated: October 29, 2019 11:10:21


Monno Ceramic recommends 20pc dividend

The board of directors of Monno Ceramic Industries has recommended 10 per cent cash and 10 per cent stock 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 19, 2019 in Dhaka.

The record date is November 19, 2019.

The company has also reported EPS of Tk. 2.22, NAV per share of Tk. 65.90 and NOCFPS of Tk. 3.35 for the year ended on June 30, 2019 as against Tk. 2.11, Tk. 91.46 and Tk. 8.00 respectively for the same period of the previous year. (cont.1)

The company has calculated deferred tax and restated the account during the year, as a result current liabilities of the company has increased significantly.

Therefore, NAV per share decreased from the last year. Cash Flow of the company has decreased due to payment to the suppliers, employee and others has increased from the last year. Therefore, NOCFPS per share has decreased, said the company.

In 2018, the company disbursed 30 per cent stock 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 1983, closed at Tk 139.70 each on Sunday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 326.62 million and authorised capital is Tk 1.0 billion while total number of securities is 32.66 million.

The sponsor-directors own 57.58 cent stake in the company, the institutional investors own 5.21 per cent, foreign 0.10 per cent and the general public 37.11 per cent as on September 30, 2019, the DSE data shows.

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