Walton’s earnings doubles, declares 250% dividend

Walton Hi-Tech Industries PLC, previously known as Walton Hi-Tech Industries Ltd, has recommended a 250% cash dividend to its general shareholders.

It also recommended a 170% cash dividend to the directors and sponsors for the year ended on June 30, 2021.

In a filing with Dhaka Stock Exchange on Wednesday, the company said that its earnings per share (EPS) was Tk54.21 for the year ended on June 30, 2021, a 123.91% increase from Tk24.21 a year earlier. 

Meanwhile, its net asset value stood at Tk311.59 with revaluation and Tk208.16 without revaluation.

The annual general meeting (AGM) of the company is scheduled to take place on September 29, 2021, via a digital platform. 

Walton also said in its filing that it changed its name to Walton Hi-Tech Industries PLC from Walton Hi-Tech Industries Limited, in compliance with the Companies Act, 1994.

Walton made its debut at Dhaka Stock Exchange on September 23, 2020. During Wednesday’s trade, the closing price of each of its shares was Tk1,417.