The dividend was okayed at the 8th annual general meeting of the company held at its factory premises at Karnapara in Savar on Wednesday, says a press release.

The meeting also approved the annual accounts and directors' report.

Chairman and Managing Director of the company Mahmudul Hoque briefed the shareholders about the performance of the company for the year 2002-2003.

A large number of shareholders attended the meeting.

The company earned a gross profit of Tk 48.85 million and a net profit of Tk 8.75 million during the year 2002-2003.

The company which has entered into sixth year of its commercial operation is one of the best yearn dyeing plants exporting 100 per cent of its output through knitting and weaving industries of the country.

The company is about to set up a knitting, dyeing, finishing and garments unit which will help utilise the existing capacity.