News

ACI declared 115 % cash & 10% stock dividend

The 44th Annual General Meeting of Advanced Chemical Industries Limited was held on Monday, 18 December 2017 at 11:00 am at Officers Club, 26 Baily Road, Dhaka. Mr. M. Anis Ud Dowla, Chairman of the Company, presided over the meeting.

The Financial Statements together with Auditors’ and Directors’ reports of the Company for the year ended 30 June 2017 were approved by the shareowners in the meeting. They have also approved 125% dividend for the FY 2016-2017 which include 115% cash (interim 75% & final 40%) and 10% stock dividend.

Dr. Arif Dowla, Managing Director, informed the shareowners that FY 2016-2017 was a very successful year for ACI Group. During this year, BDT 47,668 million revenue was recorded registering a robust growth of 52%. There was strong growth across almost all of the strategic business units leading to a well-rounded performance for the group. He apprised the shareowners on some noteworthy achievements of the year attained by various business units of the Company. He mentioned that, this achievement had been a synchronized effort of sales and marketing team supported by corporate services and factories. Through these and many more achievements ACI has been able to deliver high quality sustainable growth, he added.

The Managing Director thanked the shareowners and urged their continued support to fulfill ACI’s mission to improve the lives of people.