Agni Systems Ltd’s earnings plunge, offers 2% dividend

The board of directors of the Agni Systems Ltd has recommended a 2 percent cash dividend for 2019-20 fiscal year (FY), even though the earnings per share (EPS) of the company have decreased by 58 percent.

In a statement on the Dhaka Stock Exchange (DSE) on Monday, the company reported EPS of Tk0.31, net asset value (NAV) per share of Tk14.05 and net operating cash flow per share (NOCFPS) of Tk0.76 for 2019-20 FY as against Tk0.75, Tk14.44 and Tk1.56 respectively for the same period of the previous FY.

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 21 on a digital platform.