The Dhaka Dying and Manufacturing Co Ltd has announced a 10 per cent dividend for the shareholders for the year 1997-98.

The dividend was declared at the 20th annual general meeting of the company held at a city hotel on Tuesday, says a press release.

The meeting was presided over by the Chairman of the company. Salauddin Quader Chowdhury.

Earlier the dividend was declared as an interim dividend.

The chairman spoke about the future expansion programme of the company mentioning inclusion of broad looms, sizing machine and also direct warping machine which will ensure good performance from March 1999 onward to feed the demand of global market.

The shareholders unanimously approved the audited accounts for the year 1997-98 together with auditor and directors reports thereon.