AFC Agro Biotech’s earnings decline 89%, offers no dividend

The earnings per share (EPS) of AFC Agro Biotech Ltd have declined by 89 percent to Tk0.32 for 2019-20 fiscal year (FY), as against Tk2.93 (restated) for the same period of last FY.

In a statement published on the Dhaka Stock Exchange (DSE) on Wednesday, the company said that its board of directors recommended no dividend for this FY.

The company also reported net asset value (NAV) per share of Tk17.85 and net operating cash flow per share (NOCFPS) of Tk2.28 for 2019-20 FY, as against Tk19.29 and Tk4.10 respectively for the same period of the previous fiscal year.

Following the corporate declaration, there will be no price limit on the trading of the shares of the company. However, the floor price set by the Bangladesh Securities Exchange Commission (BSEC) will be applicable accordingly.

The annual general meeting of the company is scheduled to take place on December 31 on a digital platform.