Square Textiles PLC has declared cash dividends at 32 percent to its shareholders for the year ended on June 30, 2024.
The announcement came at its 29th Annual General Meeting held virtually on Wednesday.
The AGM was presided over by the Chairman of the Company Tapan Chowdhury.
Ratna Patra, vice chairman, Samuel S Chowdhury, managing director, Abul Kalam Azad and Muhammadul Haque, independent director, Md Kabir Reza, Head of A&F, Aminur Rahman, CFO, and Sanjib Baran Roy, company secretary, were present in the meeting.
The turnover, gross profit and net profit (excluding tax) for the year ended 30 June 2024 were Tk18.93 billion, Tk2.33 billion and Tk1.08 billion respectively.
The turnover, gross profit and net profit rose to 26.45%, 24.45% and 0.98% respectively during the year under review.
The company contributed an amount of Tk264.93 million to the National Exchequer.
