• Tuesday, Jun 15, 2021
  • Last Update : 10:33 pm

Sonali Paper declares 15% dividend

  • Published at 11:46 pm October 22nd, 2020
Sonali Paper

Sonali Paper has reported earnings per share (EPS) of Tk1.61 for 2019-20, which was Tk3.81 in the previous year

Publicly traded company Sonali Paper and Board Mills Limited has recommended 15% dividend, 10% is stock and 5% in cash, for its shareholders for the 2019-20 fiscal year.

The board of directors of the company in a virtual meeting on Thursday approved the audited financial statements for the year ended on June 30, 2020 and recommended the dividend.

Sonali Paper has reported earnings per share (EPS) of Tk1.61 for 2019-20, which was Tk3.81 in the previous year.

Talking to Dhaka Tribune, its managing director Mohammed Younus said that the company's earnings per share fell compared to the same period last year due to decreasing sales as a result of the Covid-19 pandemic.

Its net asset value (NAV) per share was Tk307.88 for the year which was Tk336.90 a year ago.

Also Read: Share Trading of Sonali Paper resumes in main board after 11 years

Earlier, in July in this year, share trading of Sonali Paper resumed after being on the bourse’s over-the-counter (OTC) market for the last 11 years for non-compliance of rules related to the main board of the stock exchanges.

Trading code for Sonali Paper is “SONALIPAPR” and the DSE company code is 19503. The open-adjusted price of the company’s share was Tk273 each against the face value of Tk10.

The shares of the company placed primarily under the ‘Z’ category after re-listing from the OTC market to the main market till the next annual general meeting and then after the categorization will be determined as per relevant provisions.

The company mainly produces white and printing papers, simplex papers and duplex papers.

Sonali Paper has raised its paid-up capital gradually by declaring bonus dividends since 2011 and its paid-up capital stood at Tk16.63 crore.

The Sonali Paper and Board Mills started its business in 1977 and the company was listed with the DSE in 1985.

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