Infrastructure Development Company Limited (IDCOL) has earned Tk 3.98 billion (Tk 397.67 crore) profit in fiscal year 2021.
The company also declared dividends for a total amount of Tk 100 crore from the profit made by the company during FY 2021, said a press release.
The announcement came at its twenty-fifth annual general meeting (AGM) held in the capital recently.
Fatima Yasmin, chairman of IDCOL and Secretary of the Economic Relations Division, presided over the meeting.
During the FY 2021 company’s profit before tax and provision was Tk 397.67 crore. The AGM declared the dividends for a total amount of Tk 100 crore from the profit made by the company during FY 2021.
The dividends are as follows: An amount of Tk 50 crore to be paid to the government as cash and an amount of Tk 50 crore be used for increasing the company’s paid-up capital to Tk 788 crore from the existing Tk 738 crore by way of issuing bonus shares.