Padma Textile Mills okays 5pc cash, 25pc stock dividends

-- June 9, 2005

Source:

Padma Textile Mills Limited has approved 5 percent cash and 25 percent stock dividends for its shareholders for the year 2004.

The approval was made at the company’s 21st annual general meeting (AGM) held in Dhaka on Wednesday (June 8, 2005). Salman F Rahman, vice-chairman of the company, presided over the meeting.

Addressing the shareholders Salman F Rahman said the company earned a gross profit of Tk 518.72 million and net profit of Tk 155.00 million in 2004.

Directors of the company M. A. Qasem, and A B Siddiqur Rahman and Company Secretary Md Asad Ullah were present.

Meanwhile the 11th AGM of Beximco Textiles Limited was also held on Wednesday (June 8, 2005) in Dhaka. Salman F Rahman, vice-chairman of the company, presided over the meeting attended by its directors Iqbal Ahmed and Md. Fayekuzzaman and a large number of shareholders.