CORPORATE BRIEFS

BANGLADESH INDUSTRIAL FIN CO
The company's Board of Directors recommended 22.5 percent stock dividend for 2009. The AGM will be held on May 19 (at 10:30am) at Officers Club in Dhaka. The record date is May 3. The board also reported earnings per share of Tk 34.34, net asset value per share of Tk 153 and net operating cash flow per share of Tk 8.95, as of December 31, 2009. There is no price limit on the trading of shares today, following its corporate declaration.
ACI
The company recommended 105 percent cash dividend (Tk 10.50 per share of Tk 10 each) for 2009. The AGM will be held on June 16 (at 9am) at Bangabandhu International Conference Centre in Dhaka. The record date is May 2. Its Board of Directors also reported consolidated net profit of Tk 594.00 million with consolidated earnings per share of Tk 30.64, as of December 31, 2009 as against Tk 918 million and Tk 47.30 respectively as on December 31, 2008. The company also reported net profit of Tk 987 million, earnings per share of Tk 50.85, net asset value per share of Tk 156.16 and net operating cash flow per share of Tk 26.49, as of December 31, 2009 as against Tk 1,076 million, Tk 55.44, Tk 113.62 and Tk 42.94 respectively, as of December 31, 2008. The company also approved the proposal to set up second plant of ACI salt at around Tk 500 million. There was no price limit on the company's share trading yesterday, following its corporate declaration.
BANGLADESH FINANCE AND INVESTMENT
The company's Board of Directors recommended 20percent stock dividend (one bonus share for every five shares) for 2009. It also decided to increase authorised capital from Tk 50 crore to Tk 500 crore and accordingly, memorandum and articles of association of the company will be amended, subject to approval of shareholders in the EGM, AGM and regulatory authorities. The EGM and AGM will be held on May 30 (at 10am and 10:30am respectively at the Institution of Diploma Engineers in Dhaka). The record date is May 2. It also reported net profit after tax of Tk 80.47 million, earnings per share of Tk 21.93, net asset value per share of Tk 150.35 and net operating cash flow per share of Tk 102.65, as of December 31, 2009 against Tk 64.30 million, Tk 17.52 (restated), Tk 141.27 and Tk 91.15 respectively, as of December 31, 2008. There was no price limit on the trading of the company's shares yesterday following its corporate declaration.
GQ BALL PEN
The company's Board of Directors recommended 35percent cash dividend for 2009. The AGM will be held on May 26 (at 10am) at Samarai Convention Centre in Dhaka. The record date is May 4. It also reported earnings per share of Tk 9.72, net asset value per share of Tk 121.93 and net operating cash flow per share of Tk 13.79, as of December 31, 2009. There was no price limit on the company's trading of shares yesterday following its corporate declaration.