Aramit Ltd to pay 10% cash dividend to shareholders

Aramit Ltd, a roofing material company listed on both stock exchanges, has recommended a 10% cash dividend for its shareholders for the 2024-25 fiscal year.

The declared dividend for FY25 is halved from the 20% cash dividend in the previous fiscal, according to its disclosure.

Aramit Ltd reported a 16% decline in net profit to Tk1.05 crore in FY25 from Tk1.25 crore in FY24, while earnings per share (EPS) fell to Tk1.75 from Tk2.09, data showed.

Its net asset value per share declined to Tk128.67, and net operating cash flow per share surged to Tk19.85. In FY24, its net value per share was Tk136.10 and cash negative at Tk3.65.

The annual general meeting (AGM) is scheduled on 4 March, and to identify its shareholders, the record date has been fixed on 27 January.

Incurs loss in Jul-Sep

Despite posting a profit till June 2025, Aramit Ltd reported a loss of Tk71.40 lakh with a loss per share of Tk1.19 in the July-September quarter.

At the same time, in the previous fiscal year, it had made a profit of Tk26.40 lakh with an EPS of Tk0.44.

Aramit Ltd got listed on the bourse in 1984, and its paid-up capital is Tk6 crore.

Of the total shares, sponsor Sadharan Bima Corporation (SBC), a state-owned insurer, owns the highest 23.77% stake, while Javed Steel Mills Limited owns 19.97%, Asif Steel Limited 14.97% and Investment Corporation of Bangladesh (ICB) 2.03% stake in the company.

Its shareholding data showed that sponsor-directors held 60.74% stake, ICB Unit Fund as institutional investors owns 9.21% stake, other institutional investors and general shareholders own 24.13% stake in the company.