Desco posts Tk100cr profit, offers dividends

The Dhaka Electric Supply Company Limited (Desco) has recorded more than Tk 100 crore in profit in fiscal 2007-08.
In a statement, the company said it held its 12th annual general meeting at the Bashundhara Convention Centre in Dhaka yesterday.
Desco paid Tk 45.88 lakh in taxes to the government in the same period, according to the press statement.
The meeting announced 25 percent cash and 5 percent stock dividends against each Tk 100 share. The company's total subscribers increased to 385,037.
Desco Chairman Safar Raj Hossain presided over the meeting, while directors Monjur Rahman and Kudrat-E-Khuda, Managing Director Saleh Ahmed, shareholders and other senior officials were present.