Last checked at 29 Oct 2019 07:00
29 October 2019
BEXIMCO PHARMACEUTICALS LIMITED
Notification of Preliminary Results and Annual General Meeting
Beximco Pharmaceuticals Limited ("Beximco Pharma", "BPL" or "the Company"; AIM Symbol: BXP, LEI No.: 213800IMBBD6TIOQGB56), the fast-growing manufacturer of generic pharmaceutical products and active pharmaceutical ingredients, today announces information for shareholders of the Company that the Board of Directors decided at their meeting held on 28 October 2019. Please see further detail as follows:
1. | To recommend the approval of the Financial Statements for the year ended 30 June 2019 | : | The Audited Financial Statements for the year ended 30 June 2019 have been approved. The full accounts are expected to be announced by 11 November 2019 |
2. | Date & Time of 43rd AGM of the Company for the year ended 30 June 2019 | : | 21 December 2019 at 10.30 a.m. |
3. | Venue of AGM | : | Beximco Industrial Park, Sarabo, Kashimpur, Gazipur, Bangladesh |
4. | Proposed Dividend for the year ended 30 June 2019 | : | 15% Cash Dividend (i.e. Tk 1.50 per share) |
5. | Record date | : | 25 November 2019 |
Comparative Financial Disclosures:
Beximco Pharmaceuticals Limited (Stand-alone)
Particulars | Year ended 30 June 2019 | Year ended 30 June 2018 |
Net Profit after Tax | Tk.3,023,500,974 | Tk.2,558,971,263 |
Earnings Per Share (EPS) | Tk.7.46 | Tk.6.31 |
Net Asset Value (NAV) | Tk.29,600,843,240 | Tk.27,104,389,931 |
Net Asset Value per share (NAVPS) | Tk.72.99 | Tk.66.83 |
Net Operating Cash Flow Per Share (NOCFPS) | Tk.6.72 | Tk.4.56 |
Beximco Pharmaceuticals Limited and its Subsidiaries (Consolidated)
Particulars | Year ended 30 June 2019 | Year ended 30 June 2018 |
Net Profit after Tax | Tk.3,040,402,954 | Tk.2,532,654,301 |
Earnings Per Share (EPS) | Tk.7.48 | Tk.6.25 |
Net Asset Value (NAV) | Tk.29,588,317,284 | Tk.27,081,962,616 |
Net Asset Value per share (NAVPS) | Tk.72.96 | Tk.66.78 |
Net Operating Cash Flow Per Share (NOCFPS) | Tk.7.30 | Tk.4.49 |
For further information please visit www.beximcopharma.com or enquire to:
Beximco Pharma
Nazmul Hassan MP, Managing Director
Tel: +880 2 58611001, Ext.20080
Mohammad Asad Ullah, FCS, Executive Director & Company Secretary
Tel: +880 2 58611891, +880 2 58612040, Ext. 10140
SPARK Advisory Partners Limited (Nominated Adviser)
Mark Brady / Andrew Emmott
Tel: +44 (0) 20 3368 3551 / 3555
SP Angel Corporate Finance LLP (Broker)
Vadim Alexandre / Abigail Wayne
Tel: +44 (0) 20 3470 0470
FTI Consulting
Simon Conway / Victoria Foster Mitchell
Tel: +44 (0) 20 3727 1000
Notes to Editors
About Beximco Pharmaceuticals Limited
Beximco Pharma is a leading manufacturer and exporter of medicines based in Bangladesh. Since its inception in 1976, the Company remains committed to health and wellbeing of people across all the continents by providing access to contemporary medicines. Company's broad portfolio of generics encompasses diverse delivery systems such as tablets, capsules, liquids, semi-solids, intravenous fluids, metered dose inhalers, dry powder inhalers, sterile ophthalmic drops, insulins, prefilled syringes, injectables, nebuliser solutions, oral soluble films etc. The Company also undertakes contract manufacturing for multinational and leading global generic pharmaceutical companies.
Beximco Pharma′s state-of-the-art manufacturing facilities are certified by global regulatory authorities of USA, Europe, Australia, Canada, GCC and Latin America, among others and it has a geographic footprint in more than 50 countries. More than 4,200 employees are driving the company towards achieving its aspiration to be among the most admired companies in the world.