Bata’s Board recommended a 445% cash dividend for 2024


বজ্রকণ্ঠ সংবাদ ::

[Dhaka, 23 April 2025] A board meeting by Bata Shoe Company (Bangladesh) Ltd was held on 22 April, 2025 where the directors recommended 105% final dividend for 2024, in addition to the interim dividend of 340% already declared, totaling to a cash dividend of 445% for the year 2024. This dividend is subject to the approval by the Shareholder during the Annual General Meeting (AGM), which will be held on 26 June 2025.

During the Board Meeting, the audited financial statements for the year 2024 was also reviewed. The initial report reveals that Bata has been able to achieve 94% of last year’s (2023) turnover in the financial year that ended on 31 December 2024, demonstrating remarkable resilience in the face of challenging external circumstances.

Last year was a challenging year for Bangladeshi customers. With food inflation over 10%, customers tightened their belts, decreasing consumer spending significantly. Moreover, the nationwide unrest seriously impacted businesses with approximately 50% of Bata stores remaining closed intermittently during the third quarter 2024.

Despite these challenges, Bata has performed well riding out the uncertainties. The company focused on operational efficiency and customer engagement, laying a strong foundation for recovery and future growth.