Intech declares no dividend for FY22

Business Desk :
Intech Limited, an IT sector company, decided not to pay any dividends to its shareholders for the fiscal year of 2021-22 ended on 30 June.

Despite the no dividend declaration, its share price increased by 1.24% to Tk24.50 in the early session till 10.16am on Monday at the Dhaka Stock Exchange.

The company, in a disclosure on the Dhaka bourse, reported a loss per share of Tk1.15, which was Tk2.75 a year ago.
Its net asset value per share was Tk0.53 at the end of FY2021-22.

Due to substantial irregularities and discrepancies related to the company’s assets and financial transactions, the securities regulator enlisted G Kibria & Co., chartered accountants, to undertake a special audit.