Dhaka, June 21 (UNB) -- The board of directors of Meghna Cement Mills Limited (MCML), the manufacturer of King-brand cement and a sister concern of Bashundhara Group, has recommended 25 percent cash dividends for the year ended on December 31, 2011.
 
The 20th Annual General Meeting (AGM) of the company took the decision held at the factory premises in Mongla Port Industrial Area of Bagerhat on Thursday.
 
The directors’ report as well as the audited accounts of the company for the year were received and adopted in the AGM, a press release said.
 
According to the directors’ report, the Company was able to earn a net profit of Tk 6.65 crore in the past year compared to Tk 5.02 crore in the year 2010, registering an annual increase of around 32.47 percent.
 
The present issued, subscribed and paid-up share capital of the company is Tk 22, 50, 04,000 and the total number of shareholders is 12386 as of June 4, 2012. MCML has recommended 25 percent cash dividends on per value of the shares of this company for the year 2011.
 
Mahaboob Morshed Hasan, sponsor-director of the company, presided over the AGM. directors Mustifizur Rahaman FCA, Eng. M Mahbub-uj Zaman and Asraf Hossain FCA and company shareholders were present on the occasion.