Berger’s EPS climbs 50.47pc in April-June quarter

FE Online Report | Published: July 18, 2019 11:38:38 | Updated: July 20, 2019 10:33:20

The consolidated earnings per share (EPS) (un-audited) of Berger Paints Bangladesh rose 50.47 per cent in April-June, 2019 quarter compared to the same quarter a year ago.

The multinational company’s consolidated EPS was Tk 11.12 for April-June 2019 as against Tk 7.39 for April-June 2018, said an official disclosure on Thursday.

The consolidated net operating cash flow per share (NOCFPS) was Tk 20.03 for April-June 2019 as against negative Tk 3.38 for April-June 2018.

The consolidated net asset value (NAV) per share was Tk 187.31 as on June 30, 2019 and Tk 176.18 as on March 31, 2019.

The company has informed that EPS for first quarter ended June 30, 2019 (the company’s year-ended on March 31) increased significantly from the same period of previous year due to decline in price of key raw materials and increase in net financial income.

The NOCFPS increased significantly from same period of previous year mainly because of improvement in working capital management, said the company.

The company’s share closed at Tk 1,398.80 on Wednesday at the Dhaka Stock Exchange.

The company’s share was traded between Tk 1,101.20 and Tk 2130 in the last one year.

The Berger Paints, which was listed on the DSE in 2006, approved 200 per cent cash and 100 per cent stock dividend for the year ended on March 31, 2019.

The company’s paid-up capital is Tk 463.78 million, authorised capital is Tk 1.0 billion and the total number of securities is 46.37 million.

The sponsor-directors own 95 per cent stake in the company, while institutional investors own 2.22 per cent, foreign investors 1.32 per cent and the general public 1.46 per cent as of June 30, 2019.

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