Therefore, with its future in mind, the company decided to reinvest the profits without paying dividends. "The second thing is that if we re-invest these dividends, it would help with our future growth. Robi’s earnings per share (EPS) has risen to Tk 0.33 in 2020, six times higher than Tk 0.04 in 2019. "Had the 2 percent minimum corporate tax on revenues been withdrawn, this EPS could have easily increased to Tk O.64," he said. After the decision on dividends was announced, Robi's share price plunged to Tk 39, from Tk 46, at the start of trading on the Dhaka Stock Exchange on Tuesday.

Source: bd News24 February 16, 2021 19:18 UTC