Uttara Finance okays 15pc cash, 10pc stock dividends
Uttara Finance and Investments Limited has declared a 15 percent cash dividend and a 10 percent stock dividend for its shareholders for the year 2004.The dividends were approved at the 10th annual general meeting (AGM) of the company in Dhaka yesterday. The first extra-ordinary general meeting (EGM) of the company was also held on the same day. Rashid ul-Hasan, chairman of the company, presided over the AGM attended, which was attended, among others, by Matiur Rahman, vice chairman of the company and former president of Dhaka Chamber of Commerce and Industry (DCCI), and SM Shamsul Arefin, managing director of the company. In 2004, the company earned a net profit of Tk 158.41 million against Tk 100.22 million in 2003, showing a net profit growth of Tk 58.06 percent, says a press release.
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