The 46th Annual General Meeting of Advanced Chemical Industries Limited was held on Monday, at Officers Club, in the capital. M. Anis Ud Dowla, Chairman of the Company, presided over the meeting.
The Financial Statements together with Auditors’ and Directors’ reports of the Company for the year ended 30 June 2019 were approved by the shareowners in the meeting. They have also approved 100 percent cash and 15 percent stock as dividend for the said financial year.
Dr. Arif Dowla, Managing Director of the Company, informed the shareowners that FY 2018-2019 was a very challenging year for ACI Group. Despite various external factors including adverse macroeconomic environment, the effect of devaluation of local currency against dollar and the increase of interest rate, the Company, in the group level, achieved Tk 63,143.70 million sales during the year registering a 13 percent growth over last year. He apprised the shareowners on some noteworthy achievements of the year attained by various business units of the Company. He, however, mentioned that ACI is committed to enrich the quality of life of the people through responsible application of knowledge, technology and skills.
