Aamra Networks recommends 10pc dividend

| Updated: October 24, 2017 16:20:39

Aamra Networks recommends 10pc div

The board of director of newly listed Aamra Networks Limited has recommended 10 per cent cash dividend for the year ended on June 30, 2017, according to official disclosure on Tuesday.

The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December 21 at 12:00 noon in Dhaka.

The record date for entitlement of dividend is on November 9, 2017.

The company has also reported earnings per share (EPS) of Tk 3.22, net asset value per share (NAV) per share of Tk 22.88 and net operating cash flow per share (NOCFPS) of Tk 1.36 for the year ended on June 30, 2017 as against Tk. 3.19, Tk. 23.66 and Tk. 2.06 respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the company today (Tuesday) following its corporate declaration.

Each share of the company, which made its share trading debut on October 2, this year, closed at Tk 102.60 each on Monday at Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 530.41 million and authorised capital is Tk 1.0 billion while total number of securities is 53.04 million.

The sponsor-directors own 33.04 per cent stake in the company, institutional investors own  33.77 per cent, foreign 15.98 per cent and the general public 17.21 per cent as on September 30, 2017, the DSE data shows.

Aamra Networks raised a capital worth Tk 562.50 million under book building method.

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