DBH approves 35pc dividend

Dhaka,  Sat,  23 September 2017
Published : 24 Nov 2016, 21:37:00

DBH approves 35pc dividend

The shareholders of Delta Brac Housing Finance Corporation Ltd. (DBH) on Thursday unanimously approved 35 per cent (30 per cent cash and 5 per cent stock) dividend for the year ending June 30, 2016 as proposed by the board of directors, according to a statement.

The approval was given at the 20th annual general meeting (AGM) of the company held at "Six Seasons Hotel" in the city with its chairman Faruq A Choudhury in the chair.

The meeting was attended by its directors- Nasir A Choudhury, Mehreen Hassan, Adeeba Rahman, Dr. A M R Chowdhury, M. I. Chowdhury, Dr. A K A Mubin, Q. M. Shariful Ala, Managing Director & CEO and Jashim Uddin, Company Secretary as well as the general shareholders.

While placing the financial statements Faruq Choudhury said that the profit after tax increased this year by 15 per cent and reached to Tk. 786 million. He also mentioned that Company's total assets were Tk. 40,685 million in the fiscal 2015-16, which was 14 per cent higher than that of the previous year. EPS has increased to Tk. 6.77 against Tk. 5.90 in the previous year.

Expressing satisfaction over the performance of DBH, Faruq Choudhury said despite the difficult operating conditions and overall slowdown in the real estate sector, the company's earnings showed its resilience in the year ended June 30, 2016.
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