Loading...
The Financial Express

DESCO's earning per share rises sharply

| Updated: October 21, 2021 16:15:16


DESCO's earning per share rises sharply

Dhaka Electric Supply Company (DESCO) saw a sharp rise in EPS (earnings per share) for the year ended on June 30, 2021 compared to same period of previous year.

The company's EPS rose 61 per cent or Tk 0.71 to close at Tk 1.86 for the year ended on June 30, 2021 from Tk 1.15 reported for previous year.

In a disclosure, the DESCO said its EPS rose due to increase of sales revenue.

"Revenue from operation increased due to increase of retail tariff and consumers," the disclosure said.

It also said operating profit decreased due to increase of salary and allowance, finance cost and depreciation.

The company has also reported its NAV per share of Tk. 65.24 and NOCFPS of Tk. 14.82 for the year ended on June 30, 2021 as against Tk. 46.76 and Tk. 11.10 respectively for the same period of the previous year.

For the year ended on June 30, 2021 the company has recommended 10 per cent cash dividend.

DESCO, presently an 'A' category company, was listed on stock exchanges in 2006.

The government holds 67.66 per cent of DESCO while institutes hold 23.76 per cent shares, foreigners 0.06 per cent and general public 8.52 per cent as on September 30, 2021.

The company's share price closed at Tk 40.80 each on Sunday with a rise of 3.03 per cent or Tk 1.20.

[email protected]

Share if you like