The New Nation - Internet Edition

BUSINESS REPORT

The 47th Meeting of the Board of Directors of Metro Spinning Limited was held on October 27 at its head office.

The meeting was chaired by its Chairman Al-Haj Abdul Ali, also attended by its Managing Director Mohammad Ali Khokon and other Directors of the board. The board expressed their satisfaction on the performance of the company and unanimously recommended Bonus Shares 15 per cent (i.e. 75 shares for every 500 shares) as dividend for the financial year 2007-2008 to the shareholders of the company. The meeting also decided to hold 13th Annual General Meeting of the company on December 27, 2008 at Spectra Convention Centre, Gulshan -1, Dhaka. The record date will be November 27. The Audited Accounts for the financial year 2007-2008 also approved in the same meeting. Despite continuing adverse circumstance prevailed in the textile sector, the company had achieved a total turnover of Tk. 68.26 crore during the financial year 2007-2008, Company's Net Profit before tax is Tk. 1.82 crore and EPS is Tk. 3.05. Total fixed asset of the company at the end of the year stands at Tk 45.22 Crore.