The Financial Express

BATBC’s EPS slumps 38pc in Apr-June quarter

FE Online Report | Published: July 30, 2019 13:48:22 | Updated: July 31, 2019 11:52:35

BATBC’s EPS slumps 38pc in Apr-June quarter

The British American Tobacco Bangladesh Company’s (BATBC) earnings per share (EPS) plunged 38pc year-on-year in April-June 2019 quarter.

According to unaudited financial statements, the multinational company’s earnings per share (EPS) stood at Tk 9.73 for April-June 2019 as against Tk 17.09 for April-June 2018, said an official disclosure on Tuesday.

In six months for January-June 2019, its EPS also fell nearly 35 per cent to Tk 21.17, down from Tk 32.36 for January-June 2018.

The company’s net operating cash flow per share (NOCFPS) was negative Tk 53.59 for January-June 2019 as against negative Tk 20.71 for January-June 2018.

The company’s net asset value (NAV) per share was Tk 180.70 as on June 30, 2019 and Tk 140.76 as on June 30, 2018.

The company has informed that EPS decreased compared to the same period of previous year due to lower sales volume particularly in low segment, offset by growth in top segments.

Its net operating cash flow per share also decreased from same period of the previous year due to increase in inventory purchase and higher advance of excise and corporate tax paid to the exchequer, said the company.

The company’s share closed at Tk 1,319.20 each on Monday at the Dhaka Stock Exchange.

The company, which was listed on the DSE in 1977, disbursed 500 per cent cash and 200 per cent stock dividend for the year ended on December 31, 2018.

The company’s paid-up capital is Tk 1.80 billion, authorised capital is Tk 5.40 billion and the total number of securities is 180 million.

The sponsor-directors own 72.91 per cent stake in the company, while the government owns 0.64 per cent,  institutional investors own 9.83 per cent, foreign investors 14.60 per cent and the general public only 2.02 per cent as of June 30, 2019.


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