Bata Shoe Company (Bangladesh) Limited held
its 43rd Annual General Meeting at Dhamrai on Thursday, 25 June 2015. The meeting was presided over by the Chairman
Mr. Rajeev Gopalakrishnan. The meeting was attended by a large number of
shareholders.
At the meeting the shareholders approved
the audited financial statements for the year 2014 and the payment of a final
dividend of 105% of the issued and paid up capital of the Company. Together
with the interim dividend of 175% paid in December 2014, the total dividend for
2014 will be 280%.
Mr. Rajeev, in his address to the
shareholders, reported that the Company’s turnover increased by 3% despite the
global economic recession and continuous political disturbances in the country
in the form of strikes, hartal and road blockades. The Company achieved a net
profit of Taka 701 million in 2014. During 2014 the Company contributed
approximately Taka 2,064 million to the national exchequer in the form of
corporate tax, VAT, custom duties and other taxes.
Mr.
Chitpan, Managing Director, together with other directors of the Company also
attended the meeting. In conclusion the Chairman conveyed his sincere thanks to
all valued shareholders, customers, suppliers, employees and the Government for
their continuous support extended to the Company. (Source: Press Release)
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