17th October 2020

The board of directors of Summit Power Ltd has recommended 20 per cent final cash dividend for the year ended on June 30, 2020.


The company’s total cash dividend will be 35 per cent for the financial year ended on June 30, 2020, including 15 per cent interim cash dividend, which has already been paid, according to an official disclosure recently.


The annual general meeting (AGM) will be held on December 14 through a digital platform. The record date is November 15.


The company has also reported consolidated earnings per share (EPS) of Tk 5.17, consolidated net asset value (NAV) per share of Tk 31.50 and consolidated net operating cash flow per share (NOCFPS) of Tk 9.42 for the year ended on June 30, 2020 as against Tk 4.78, Tk 32.40 and Tk 5.67 respectively for the same period of the previous year.


In 2019, the company also disbursed 35 per cent cash dividend.


The company’s paid-up capital is Tk 10.67 billion and authorised capital is Tk 15 billion while total number of securities is 1.06 billion.

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