Listed in the capital market, Atlas Bangladesh of ‘B’ category has decided not to pay dividend for shareholders. The company announced this zero dividend after reviewing the financial report for the financial year ended 2022-2023 (July-June).
This information was revealed by Dhaka Stock Exchange (DSE) on Sunday (November 12).
It is known that after reviewing the financial report of the financial year ended 2022-2023, the loss per share of Atlas Bangladesh was 2 taka 93 paisa. In the previous financial year (2021-2022), the company had a loss per share of 1 taka 47 paise. As a result, the loss has increased by one taka 46 paisa in the financial year ended. Cash flow per share (NOCFPS) for the fiscal year ended negative one taka 54 paise. The NOCFPS for the previous financial year was 78 paise.
On June 30, the company’s net asset value per share (NAVPS) stood at Tk 116. The annual general meeting (AGM) of the company will be held on the digital platform on December 28, at 11 a.m. for the approval of the declared dividend by shareholders’ consent. The company’s record date for distribution of dividends to shareholders is set for November 30.
On the same day, the company released the financial report for the first quarter (July-September) of the current financial year (2023-2024). The company posted a loss of 61 paise per share in the first quarter. 65 paise loss per share in the corresponding period of the previous financial year (2022-2023). As a result, the loss of the company has decreased by four paise. At that time NOCFPS was two paise. NOCFPS was negative eight paise in the corresponding period of the previous fiscal. On September 30 of the current financial year, the NAVPS of the company stood at Tk 116.
Atlas Bangladesh was listed in the capital market in 1988. The authorized capital of the company is Tk 100 crores. Paid up capital is Tk 33 crore 12 lakh 70 thousand. The number of shares is 3 crore 31 lakh 27 thousand 108. There is a reserve of 369 thousand 33 crore taka. At the beginning of trading on Sunday, the company’s share price was 104 taka 20 paise. The government holds 51 percent stake in the company. Besides, institutional directors hold 16.79 percent and common investors hold 32.21 percent shares.