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  PRIMETEX: Dividend Declaration
 

The Board of Directors has recommended 1% cash dividend for the year ended on June 30, 2020. Date of AGM: 30.12.2020, Time: 11:00 AM, Venue: Digital Platform. Record date: 30.11.2020. The Company has also reported EPS of Tk. (2.67), NAV per share of Tk. 67.27 and NOCFPS of Tk. (7.71) for the year ended on June 30, 2020 as against Tk. 0.54, Tk. 48.43 and Tk. 2.93 respectively for the same period of the previous year. Reasons for significant deviation in EPS, NAV per share and NOCFPS: EPS has been decreased due to decrease in sales and production volume and increase in percentage of cost of goods sold on sales for adverse effect of COVID 19 resulting closure of Mill around 2 months. NAV per share has been increase in amount of land and land development for revaluation as per valuation report dated 29.12.2019. NOCFPS has been decreased due to lower sales and collection and increase in payment for cost and expenses. (end)