Business Desk :
Deshbandhu Polymer Limited’s profit more than doubled in the year that ended on June 30.
The company reported earnings per share of Tk 0.47 in 2021-22, which was 135 per cent higher than the Tk 0.20 posted a year earlier.
This means Deshbandhu Polymer clocked a profit of Tk 2.88 crore in the last financial year. It was Tk 1.22 crore in 2020-21.
The company’s net asset value per share rose to Tk 18.21 from Tk 18.07, while net operating cash flow per share surged to Tk 0.99 from Tk 0.53 a year prior.
The board of directors recommended a 5 per cent cash dividend for general shareholders for 2021-22.
Sponsors and directors hold 20,583,388 shares out of a total of 61,365,150 of the company and the rest is owned by the general shareholders.
The cash dividend to be payable to the general shareholders is Tk 2.03 crore, according to a filing on the Dhaka Stock Exchange on Tuesday.
Set up in 2006, Deshbandhu Polymer is engaged in manufacturing and marketing of PP (polypropylene) woven bags and liner for packing sugar, fertiliser, cement, food grains, white flower, chemical, cattle feed, fish feed, rice, and other items