Sazzad Hossain Talukder, company secretary of Ifad Autos, told Dhaka Tribune. Between July and September, Ifad Autos's profit leapt 37.6 per cent year-on-year to Tk 172.4 crore. The significant rise in profit was due to higher sales volume after the countrywide shutdown due to the Covid-19 outbreak from March, Taskeen Ahmed, managing director of Ifad Autos, told Dhaka Tribune. The company’s share price has been on descent since January 9, 2019: before then, Ifad Autos shares were trading at upwards of Tk 100. Ifad Autos, which was listed in 2015, has recommended a total of 11 per cent dividend -- 9 per cent cash and 2 per cent stock -- for the year ended on June 30.

Source: Dhaka Tribune December 27, 2020 19:41 UTC