& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

Square Pharma declares 32pc dividend for shareholders

By Staff Correspondent
square Pharmaceuticals 1 td has declared dividend to its shareholders at the rate of Taka 32 00 per share of Taka 100 00 each for the period from January '94 to March '95.
The dividend was an nounced at the 29th Annual General Meeting (AGM) of the company at a city hotel yesterday.
The Chairman of the Company, Samson H Chowdhury, presided over the meeting.
In his annual report, the chairman said during the pe riod the company earned a net profit (after tax deduction) t Tk 132955202 while the gross sales of the company stood at Tk 1,692118,959,
Reviewing the operation and share position of the company he said, it made the Initial Public OfferingsjIPO) of 1 00,000 shares of Tk 100 c .i h at Tk 900 (including a premium of Tk 800 per share) in the moth of December 1994. ■
"Despite 800 per cent premium, the issue of Tk 135 million for local investor^ was oversubscribed by over 6 times, he mentioned
About the expansion pro gramme of the company Samson H Chowdhury said the company is on the way of implementing Tk 400 million expansion programme in order to double its existing output capacity
In this regard he said, it was earlier decided that the expansion programme would be taken up on the existing land at Pabna. But it has now been decided to locate the expansion plant in and around Dhaka with modern facilities
The chairman hoped that the expansion project would be completed by early 1997.
Regarding the Square Composite Textiles Mills Ltd, Samson Chowdhury said, more than Tk 20 crort has already been utilised to imple
ment the project
The project includes three operating units of Spinning, Weaving and Finishing
He hoped that the initial Public offering of shares of the extile Project would be floated by mid 1996
Starting in 1958 as a small partnership firm, Square Pharmaceuticals incorporated as a private limited company in 1964 and converted into a public limited company in 1990
About the overall situation in the pharmaceutical sector, it was mentioned in the an nual report that during the past two decades, the pharmaceutical industrial sector had developed at a faster rate than many other sectors in the country
The local production of formulation products now meet about 90 per cent of the local demand which is esti mated at about Tk 10 billion, the report said.