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Familytex relegated to ‘Z’ category

  • Published at 12:13 am December 6th, 2019
Familytex
Photo: Collected

The Dhaka Stock Exchange (DSE) yesterday announced its decision on downgrading Familytex in its website

Familytex (BD)Limited, a publicly traded company was  relegated to 'Z' category from ‘B’ category with effect from Sunday as the company recommended no dividend for the year ended on June 30, 2019.

The Dhaka Stock Exchange (DSE) yesterday announced its decision on downgrading Familytex in its website.

With the new inclusion, the number of total companies in ‘Z’ category stood at 52 on the country’s prime bourse DSE.

The DSE requested the stock brokers and merchant bankers for not providing any loan facilities to their clients for purchasing the shares of the company.

The annual general meeting (AGM) of Familytex will be held on December 31 at 10:30am in Chattogram. The record date is December 26.

The company has also reported EPS of negative Tk 0.079 for the year ended on June 30, 2019 as against Tk negative 0.072 for the same period of the previous year.

Each share of the company closed at Tk 2.40 each on Thursday at the Dhaka bourse. The company was listed at Dhaka and Chittagong Stock Exchanges in 2013.

‘Z-category Companies’ are those who fail to hold annual general meetings (AGMs) or fail to declare any dividend based on their annual performances or which are not in operation continuously for more than six months.