The dividend was declared at the 24th annual general meeting of the company held yesterday at the CIRDAP auditorium. Muhammad Shams-ul- Haque, chairman and managing director of the company, presided over the meeting.

Directors Muhammad Shams-ul Huda and Muhammad Shams-us-Zoha, Executive Director Faizur Rahman Chowhdury and Company Secretary and Chief Accountant Md Toffazzal Hossain Bhuiyan and a number of share holders were present at the AGM.

The AGM approved the annual audited report for the year 2002-2003 and appointed new auditor for the next financial year.

The chairman informed the shareholders that the company earned Tk 32.93 lakh as net profit by exporting jute yarn during the financial year.

He also said that the Jute Spinners Ltd earned a position of respect in the world jute market due to the high quality of its products and overall excellent services.