Berger Paints declared 295% cash dividend

Coatings Today Desk: Berger Paints Bangladesh Limited declared 295 per cent cash dividend for the financial year 2019-2020 as the company achieved the growth for the net profit and sales growth by 16.72 per cent and 6.13 per cent for the year.

The dividend was announced at the 47th Annual General Meeting (AGM) of the company held on Tuesday, 28^th July 2020 through the digital platform, with its Managing Director Rupali Chowdhury in the chair.

Chairman of the Board Gerald K Adams along with other directors Anil Bhalla, Jean-Claude Loutreuil, Anis A. Khan, Masud Khan, Rishma Kaur, Kanwardip Singh Dhingra, Sunil Sharma, Parveen Mahmud and Abdul Khalek also attended the meeting. Rupali Chowdhury presented the Directors’ Report, Auditors’ Report and Audited Financial Statements for the year ended March 31, 2020 before the shareholders. She also replied to the shareholders’ queries.

Table: Revenue and Profit of Berger Paints for last 5 years

Moreover, during the year, the only listed company Berger received Top VAT Payer Award under manufacturing category from the Government of Bangladesh. It also received ‘ICMAB Best Corporate Award 2018′ in the category of multinational manufacturing industries for its sales and financial performance, contribution to national exchequer, HR management, corporate governance, shareholders’ return, investment growth and CSR activities.

Berger Paints has won “Best Brand Award” in paint category for the 8th consecutive year.

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