Regent Textile’s earnings drop, declares 2% dividend

The earnings per share (EPS) of Regent Textile Mills Limited has dropped by 133% to negative Tk0.31 for 2019-20 fiscal year as against Tk0.93 in the previous fiscal year.

The board of directors of the company has recommended 1% cash for general shareholders excluding sponsors or directors and 1% stock dividend for all shareholders for FY2019-20.

In a statement on the Dhaka Stock Exchange (DSE) website, the company said that sponsors or directors of the company hold 69,457,486 shares out of total 127,338,750 shares and the cash dividend to be payable to the general shareholders is worth Tk5,788,126.

The company has also reported net asset value (NAV) per share of Tk28.46 and net operating cash flow per share (NOCFPS) of Tk0.62 for FY2019-20 as against Tk30.21 and Tk0.97 (restated), respectively, for the previous fiscal year.