GP recommends interim cash dividend

Dhaka,  Fri,  28 July 2017
Published : 13 Jul 2017, 11:27:26
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GP recommends 105pc interim cash dividend

GP recommends interim cash dividend
FE Online Report
The board of directors of GrameenPhone (GP) has recommended 105 per cent interim cash dividend for the year 2017 out of the provisional net profits of the company for the half year ended on June 30, 2017, said an official disclosure on Thursday.

The board has recommended the interim cash dividend of the paid-up capital of the company which represents 98 per cent of the profit after tax for the half year ended on June 30, 2017 (Tk 10.50 per share of Tk 10 each), out of the provisional net profits of the company for the half year ended on June 30, 2017, the disclosure said.

The record date for entitlement of the interim cash dividend is on August 2, 2017.

GP’s second quarter (Q2) earnings per share (EPS) was Tk 5.87 for April-June, 2017 as against Tk 3.77 for April-June, 2016.

In six months for January-June, 2017, EPS was Tk 10.72 for as against Tk 7.92 for the same period of the previous year.

Net operating cash flow per share (NOCFPS) was Tk 23.23 for January-June, 2017 as against Tk 13.56 for January-June, 2016.

The net asset value (NAV) per share was Tk 26.59 as on June 30, 2017 and Tk 24.74 as on June 30, 2016.

There will be no price limit on the trading of the shares of the Company today following its corporate declaration.

The lone listed mobile phone company’s share, which was listed on the Dhaka bourse in 2009, closed at Tk 347.90 each on Wednesday at DSE.

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