Publicly listed cigarette manufacturer British American Tobacco (BAT) Bangladesh has reported strong earnings for the year 2022 defying global macroeconomic challenges.
The company made a net profit of Tk1,787.4 crore during the year – resulting in a growth of 19.4% over the previous year, according to the exchange websites.
Profitability in the fourth quarter witnessed a robust growth of 36% in comparison with the same quarter in 2021, based on the published information.
In the board meeting held on Wednesday evening, the company management also announced a final cash dividend of 100% worth Tk540 crore or Tk10 per share on top of the interim dividend of 100% it had announced earlier last year. The cash dividend disbursed in the previous year stood at 275%.
Investors having company shares on the record date of March 2 will be entitled to the final portion of the cash dividend.
The date for the annual general meeting has been fixed on March 29 and will be held over a digital platform.
Currently, the sponsors and directors of the company hold 72.91% of its shares, while the government owns 0.64%, institutional investors 12.76%, foreign investors 6.39% and general investors 7.3%.
BAT Bangladesh was listed in the year 1977 with Dhaka Stock Exchange and in 1996 with the Chittagong Stock Exchange.
