The New Nation - Internet Edition

BUSINESS REPORT

The 22nd Annual General Meeting of Sonargaon Textiles Ltd was held at Barisal Club, Barisal.

Chairperson of the company Mrs Rosy Rahman presided over the meeting. Managing Director AKM Azizur Rahman and Directors Md Khalilur Rahman Chowdhury, Mohammad Jahangir Alam and a large number of shareholders were present at the meeting.

The public shareholders of the company took part in the discussions on Annual Reports for the year 2007 and the overall performance of the company was also reviewed in the meeting.

The meeting was informed that sales in volume for the year 2007 stood at Tk 65,02,85,484 which was 4.38 per cent higher than that of the previous year and net profit ratio increased by 8.08 per cent compared to the previous year.

The shareholders of the company conformed to the Audited Balance Sheet for the year ended December 31, 2007 and 10 per cent cash dividend was approved as recommended by the Board of Directors.

Although Sonargaon Textiles Ltd is located at a non-gas zone area and project is suffering from infrastructural support, the shareholders thanked to the Board of Directors for recommendation of 10 per cent dividend during this period.

M Moniruzzaman, Executive Director and Company Secretary conducted the meeting.