AA Plus TradeLink Board to Consider 1:10 Split and 1:1 Bonus October 24

AA Plus Trade Link Ltd has announced that its board of Directors will meet on Thursday, 24th October 2024 to consider a proposed stock split up to a 1:10 ratio and a bonus issue up to 1:1.
The Company has demonstrated exceptional financial performance, with annual revenue rising by 21.7 per cent in the last year to Rs 209 million. AA Plus Trade Link reported a remarkable 148.32 per cent increase in annual net profit, reaching Rs 5.1 million (FY24), These impressive figures highlight the Company’s effective management and robust positioning.
AA Plus Trade Link’s financial health is underscored by its low debt-to-equity ratio of 0.1, indicating that its assets are primarily financed through equity.
The proposed 1:10 stock split will lower the share price, making it more accessible to a wider range of investors, including retail participants. Increased liquidity can lead to smoother trading and potentially reduce price volatility, enhancing the attractiveness of AA Plus Trade Link’s shares. The 1:1 bonus issue rewards existing shareholders with additional shares, effectively increasing their holdings without additional investment. This move not only rewards loyal investors but also signals the Company’s confidence in its sustained growth and profitability.
As AA Plus Trade Link continues to excel in the Wholesale Trade Services sector, its strategic actions and strong financial health pave the way for sustained growth and enhanced shareholder value.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *