Craftsman Footwear & Accessories Ltd. listed in the SME sector of the country's stock market announced a 10 per cent cash dividend for investors for the financial year ending June 30, 2024.
The dividend was declared by the Dhaka-based company at its 5th Annual General Meeting (AGM) held at the Police Convention Hall, in Dhaka on Sunday.
The AGM was presided over by the Board Chairman, Dr. Rezina Begum, and attended by key figures including Managing Director Sadat Hossain Salim; Directors Rumana Begum, Sara Hossain, Sabrina Zaman, Mahe Alam, Dr. Md. Zahirul Islam, Dr. Md. Abu Syed Tito; and Chief Financial Officer (CFO) Md. Ferdous Hossain, along with other shareholders.
By the fiscal year ended on June 30, the company's Earnings Per Share (EPS) stood at BDT 2.28. The Net Asset Value Per Share (NAVPS) increased to BDT 17.09, up from BDT 16.72 in the previous year, the company said in a press release.
Expressing gratitude to the Board of Directors and all investors, Dr. Rezina Begum, stated: "We have faced numerous challenges, including the COVID-19 pandemic, the Ukraine war, and national and international adversities this year. Despite facing market competition, inflation, and supply chain disruptions, we have sustained our performance and strengthened our sustainability."
The Managing Director of Craftsman Footwear and Accessories Ltd, Sadat Hossain Salim said, "The dividend announcement reflects our resilience and dedication to our investors despite challenges such as COVID-19, the 2022 Ukraine war, and the political changes of 2024. With the unwavering support of our investors and stakeholders, we are expanding our market reach. While our journey began in Europe, we are now making efforts to establish a presence in Japan, Korea, the United States, and North America. We are also collaborating with renowned brands like Hush Puppies and others."
