BATA declares 335pc cash dividend | 2018-06-22 |

BATA declares 335pc cash dividend

Business Desk     22 June, 2018 12:00 AM printer

Bata Shoe Company (Bangladesh) Limited declared 335 percent cash dividend for its shareholders for the year 2017.

The declaration came at the 46th annual general meeting of the company held on Tongi factory premises in Gazipur on Thursday, said a press release.

The meeting was presided over by the Chairman Rajeev Gopalakrishnan. A large number of shareholders attended the AGM.

The shareholders approved the audited financial statements for the year 2017 and approved the final dividend of 105 percent. The interim dividend 230 percent which has already been paid in December 2017 and thus making a total cash dividend of 335 percent on paid up capital for 2017.

Rajeev, in his address to the shareholders, reported the future plan and challenges and expansion of the company.

“The company contributed approximately Taka 2,414 million to the national exchequer in the form of corporate tax, VAT, custom duties and other taxes,” he added.

Chitpan, Managing Director, Sohail Aslam, Finance Director, together with other directors of the company also attended the meeting.