GPH Ispat offers 30pc dividend

GPH Ispat has declared a 30 per cent dividend -- 20 per cent cash and 10 per cent stock -- for shareholders for 2020-21 at its virtual 15th annual general meeting on Monday.

Chairman Md Alamgir Kabir presided over the meeting, says a press release.

The meeting approved financial and audit reports and that of the Board of Directors for the year ending on June 30, 2021.

The GPH's net revenue has increased by 199.43 per cent year-onyear. The profit after tax is TK 1,660.89 million while TK 299.42 million in the previous year, the statement added.

Additional Managing Director Md Almas Shimul, directors Md Ashrafuzzaman, Md Abdul Ahad, and Md Azizul Haque, independent directors MA Malek, and Mukhtar Ahmed, executive directors Kamrul Islam and Abu Bakar Siddique and Chief Financial Officer HM Ashraf Uz Zaman were also present.