Bangladesh Building Systems Announces No Dividends as The Board of Directors has proposed not to distribute any dividends for the fiscal year ending on June 30, 2023. The Annual General Meeting (AGM) is scheduled for November 23, 2023, at 11:00 AM, and it will be conducted on a digital platform. The record date for determining dividend eligibility is set for October 22, 2023.
Furthermore, the company has disclosed key financial metrics for the year ending June 30, 2023, which include an Earnings Per Share (EPS) loss of Tk 1.01, a Net Asset Value (NAV) per share of Tk. 16.70. These figures differ from the prior fiscal year, which reported EPS of Tk. 1.65, NAV per share of Tk. 15.70.
The variance in these financial metrics can be attributed to specific factors. The decline in EPS is primarily a result of reduced revenue, decreased non-operating income, and increased prices of raw materials. Furthermore, the NAV per share has risen owing to an increase in the fair value reserve of the company’s financial assets.
