Square Pharmaceuticals declares 60pc cash dividend

Square Pharmaceuticals Ltd declared 60 per cent cash dividend to shareholders for the 2020-21 fiscal year at the company's 55th annual general meeting, held virtually yesterday.

Samuel S Chowdhury, chairman of Square Pharmaceuticals, presided over the meeting, according to a press release. 

The company's turnover, gross profit and net profit after tax for the year that ended on June 30 stood at Tk 5,835 crore, Tk 2,590 crore and Tk 1,474 crore respectively.

Turnover and net profit rose 10.24 per cent and 13.80 per cent respectively during the year.

The company contributed an amount of Tk 1,320 crore to the public coffer.

Ratna Patra, vice-chairman of Square Pharmaceuticals; Tapan Chowdhury, managing director; Kazi Iqbal Harun, director; Syed Afzal Hasan Uddin and SM Rezaur Rahman, independent directors; Md Kabir Reza, head of A&F; Md Zahangir Alam, chief financial officer; and Khandaker Habibuzzaman, company secretary, also attended the meeting.