Summit Power Limited has recommended a 35% cash dividend for the year ended on June 30, 2021.
In a filing with Dhaka Stock Exchange on Monday, the company also reported consolidated earnings per share (EPS) of Tk5.25 and consolidated net asset value (NAV) per share of Tk34.45 for the year ended on June 30, 2021, as against Tk5.17 and Tk31.50 respectively for the same period of the previous year.
Summit Power also informed that no dividend has been declared out of the capital reserve account or revaluation reserve account or any unrealized gain.
The dividend was not declared out of profit earned prior to incorporation of the company or through reducing paid u- capital or through doing anything so that the post dividend retained earnings become negative or a debit balance.
The annual general meeting of the company is scheduled to take place on December 5, 2021 via a digital platform.
During Monday’s trade, the closing price for each of its shares was Tk46.7.