GPH Ispat announces 10pc dividend |

GPH Ispat announces 10pc dividend

Staff Correspondent     11 December, 2017 12:00 AM printer

GPH Ispat announces 10pc dividend

GPH Ispat Managing Director Mohammad Jahangir Alam speaks at the 11th annual general meeting (AGM) of the company in Chittagong on Sunday.

CHITTAGONG: GPH Ispat Limited announced 10 percent dividend for its shareholders for the 2016-2017.

The announcement came at the 11th Annual General Meeting (AGM) of the company held at the auditorium of Chittagong Club Limited on Sunday.

With the company Chairman Md Alamgir Kabir in the chair, Managing Director Mohammed Jahangir Alam, Additional Managing Director Md Almas Shimul, directors Md Abdur Rauf, Md Ashrafuzzaman, Md Abdul Ahad, Md Azizul Haque, Independent Director Professor Dr Md Saleh Jahur, Executive Directors (Group) Abu Bakar Siddique, (Plant) Madani M Imtiaz Hossain, Chief Finance Officer (CFO) HM Ashraf Uz Zaman and Company Secretary Arafat Kamal were present at the AGM.

The financial reports of last fiscal, relevant audit reports and reports of board of directors were approved at the meeting.

The meeting also approved five percent cash and five percent bonus dividends for the stockholders.

Addressing the AGM, Chairman Alamgir Kabir said the main foundation of the company in achieving goal is a strong managing team, which was formed following recommendations of customers and staff.

Managing Director Mohammed Jahangir Alam informed that they have been working relentlessly to set up an ultramodern ‘State-of-the-Art’ steel plant for the last few years.

With the aim, different initiatives have been taken and several agreements signed to complete the work within the deadline, he said.