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Staff Correspondent

The board of directors of Summit Alliance Port Limited has proposed 12.50 percent cash dividend for the year ended on 30 June 2018.

The company’s earnings per share totaled to Tk. 0.62 during the year, official sources said quoting the meeting.

The company’s annual general meeting (AGM) will held on November 10 at at Summit Alliance Port Depot (West) in Chittagong.

The record date is 18 October 2018.

The company gave 15 percent dividend and the company’s earnings per share in the year was Tk. 0.67 for the year ended on June 30, 2017.

The company has also reported consolidated net asset (NAV) per share of Tk 24.70 and consolidated net operating cash flow per share (NOCFPS) of Tk 1.07 for the year ended on 30 June 2018 as against Tk 25.04 and Tk 1.26 respectively for the same period of the previous year.

There has no price limit on the trading of the shares of the company on Monday following its corporate declaration.

The authorised capital of the company listed on the stock market was Tk 3 billion and the paid up capital was Tk 2.23 billion, while the total number of securities was 223.29 million.

The company started its debut trading in 2008 with the face value of Tk 10 per share.

On Monday, share price of the Company rose by Tk 1.3 or 5.31 percent to Tk 25.80.

Market data of DSE shows, 132,696 shares of the company were traded on the floor of the Dhaka Stock Exchange (DSE) on Monday and its market value stood at almost Tk 3.41 million on the day.

The sponsor-directors own 58.99 percent stake in the company, institutional investors 10.28 percent, foreign 3.71 percent and the general public 27.02 percent as on August 30, 2018, the DSE data shows.