ADN to offer shareholders 5 percent dividends
Senior Correspondent, bdnews24.com
Published: 2016-12-22 18:09:06.0 BdST Updated: 2016-12-22 18:09:06.0 BdST
With its growth prospects looking bright, ADN Telecom, the IT and telecommunication company, will offer its shareholders five percent in dividends.
ADN Chairman and Managing Director Asif Mahmud revealed the decision at the company’s annual general meeting on Thursday.
At the end of the 2015-2016 fiscal year on Jun 30, 2016, ADN Telecom’s net profits amounted to Tk 87.7 million, an increase of 35.72 percent from the previous year.
Total revenue for the company came to Tk 757.3 million, a 22.65 increase from the previous fiscal year.
The company paid out Tk 4.19 in dividends per share in the 2015-2016 fiscal year. It had paid Tk 3.09 per share in the previous year.
The company paid dividends on 100 percent of its stocks.
After its establishment in 2003, ADN Telecom became a public limited company in 2012. It provides data, IP, telephone and internet services to customers.
During the meeting Managing Director Asif Mahmud spoke of the future of Bangladesh’s economy and its IT and telecom sector and ADN Telecom’s role in it.
“The IT and Telecom sector is an essential part of the overall development of the country,” he said. “As it develops, so will the opportunities for companies.”
The managing director also discussed ADN Telecom’s ongoing efforts to join the stock market lists.
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