Bashundhara Paper Mills declares 11% cash dividend

Bashundhara Paper Mills, a concern of Bangladeshi conglomerate Bashundhara Group that manufactures paper and different diversified tissue items, has recommended an 11% cash dividend to its shareholders for the 2022-23 fiscal year. 

In a meeting held on Monday (29 October), the board of directors approved the dividend for the shareholders.

Earlier in the previous fiscal year, the company had paid a 10% cash dividend to its shareholders.

According to its financials, despite a 17% growth in net revenue to Tk1,318 crore, its net profit declined by 10% to Tk45.50 crore.

The earnings per share (EPS) stood at Tk2.62, which was Tk2.92 in the previous fiscal year.

The annual general meeting will be held on 20 December through the digital platform, and the record date has been fixed on 21 November.

Source: The Business Standard

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Iram Hoque

Mohd. Iramul Hoque (Iram) completed his bachelor’s degree in Industrial Engineering in 2018 from Purdue University.

He joined Deloitte Consulting LLP as a Consulting Analyst based out of New York City having previously worked in similar roles at PricewaterhouseCoopers LLP & Landis+Gyr.

Iram left consulting and returned to Bangladesh to take up the family business. Realizing the opportunity in the capital market in Bangladesh, Iram worked relentlessly to found Columbia Shares & Securities Ltd in 2021.

Md Saiful Hoque

Md. Saiful Hoque received his bachelor’s degree in Civil Engineering from Columbia University in 1986 followed by a master’s degree from Texas A&M University in 1988. Upon completion of his Graduate Degree, he joined Gulf Interstate Engineering Company in Houston, USA serving as a Project Engineer.

He returned to Bangladesh in 1992 to join Columbia Enterprise Ltd., the family business of Shipping and Freight Forwarding services. In addition, he has built flourishing businesses manufacturing Garment’s Accessories and Fast-Moving Consumer Goods.