The stock market-listed company Grameenphone (GP) Limited’s board of directors has determined to provide shareholders an interim dividend of 110 percent in light of the company’s performance during the first half of this year. In other words, shareholders will get an interim dividend of Tk 11 per share.

Sources from the Dhaka Stock Exchange (DSE), the nation’s primary stock market, made this information public on Thursday, July 17.

As per the source, alongside the announcement of the interim dividend, the company has released its financial report covering the period from January to June of this year. The report indicates that the company’s profit for the April-June quarter has risen compared to the previous year. However, there was a decline in profit over the six-month period. The record date for determining which investors are eligible to receive the interim dividend has been established as August 13. The DSE has stated that there will be no circuit breaker on the company’s share price increase following today’s dividend announcement. This means that the share price can fluctuate freely.

In the April-June quarter of this year, the company reported a profit of 6 taka 51 paisa per share, up from 6 taka 38 paisa during the same period last year. Thus, the profit per share has increased by 13 paisa compared to the previous year.

Furthermore, according to the financial report for the January-July period, the company achieved a profit of 11 taka 21 paisa per share, down from 16 taka 29 paisa in the same period last year. Consequently, the profit per share has decreased by 5 taka 8 paisa.

The company’s asset value per share dropped during the six-month period in tandem with the decline in profit. The asset value per share was 42 taka 15 paisa at the end of June this year, compared to 53 taka 18 paisa at the end of June last year.