Alltex Industries earnings remain negative, offers no dividend

The board of directors of Alltex Industries Ltd has recommended no dividends for 2019-20 fiscal year. 

In a statement published on the Dhaka Stock Exchange website, the company reported earnings per share (EPS) of negative Tk5.47 for FY2019-20, a 15.19% increase from last fiscal year's negative Tk6.45 (restated).

The company also reported net asset value (NAV) per share of Tk15.78 and  net operating cash flow per share (NOCFPS) of Tk0.40 for FY2019-20, against Tk21.25 (restated) and Tk1.75, 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 at its registered office in Alltex Industrial Park, located in Rupganj, Narayanganj.