Quasem Drycell Ltd yesterday declared 18 per cent stock dividend, considering net profit before tax at Tk 127.56 million and Earning Per Share (EPS) at Tk 2.15 for the 2016-17 fiscal, reports BSS. The announcement came at the 36th Annual General Meeting of the company held at RAOWA complex in Mohakhali in the capital, said a press release. Anwarul Islam, Chairman of the Board of Directors of the company, presided over the meeting.

Quasem Drycell Managing Director and Chief Executive Officer (CEO) Tasvir Ul Islam, Directors Dr Reyan Anis Islam, Nafisa Quasem, Sammed Quasem and Tariq Abul Ala were, among others, present at the meeting.

The meeting also decided to change the company name from Quasem Drycells Ltd to “Quasem Industries Ltd” as it has been expanding its operation in various other product and service sectors.

Islam said the company is currently manufacturing Compressed Tin Can that is first ever of its kind in Bangladesh.