News

ACI Declared 115 % Cash & 3.5% Stock Dividend

The 45th Annual General Meeting of Advanced Chemical Industries Limited was held on Wednesday, 12 December 2018 at 11:00 am at Officers Club, 26 Baily Road, Dhaka. 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 2018 were approved by the shareowners in the meeting. They have also approved 115% cash and 3.5% stock as dividend for the said financial year.

Dr. Arif Dowla, Managing Director of the Company, informed the shareowners that FY 2017-2018 was a very challenging year for ACI Group. Despite various external factors including adverse macroeconomic environment along with the effect of prolonged floods, the Company, in the group level, achieved BDT 56,123 million sales during the year registering a 18% growth over last year. He apprised the shareowners on some noteworthy achievements of the year attained by various business units of the Company. He, however, mentioned that ACI is committed to enrich the quality of life of the people through responsible application of knowledge, technology and skills.