Berger’s EPS tumbles 79pc in Apr-Jun quarter due to pandemic

FE ONLINE REPORT | Thursday, 13 August 2020

The earnings per share (EPS) of Berger Paints Bangladesh Ltd has plunged 79 per cent year-on-year in April-June, 2020 quarter due to lower sales during the countrywide lockdown.

The multinational company’s consolidated EPS stood at Tk 2.32 for April-June 2020 as against Tk 11.12 for April-June 2019, according to an official disclosure on Thursday.

The company’s consolidated net operating cash flow per share (NOCFPS) was negative Tk 10.34 for April-June 2020 as against Tk 20.03 for April-June 2019.

The consolidated net asset value (NAV) per share was Tk 206.52 as on June 30, 2020 and Tk 204.20 as on March 31, 2020.

The company also informed that EPS for the quarter ended June 30, 2020 decreased significantly from the same period of previous year due to lower sales in April and May of 2020 impacted by countrywide lockdown for Covid-19.

The NOCFPS decreased significantly because of low sales resulting low collection from customers during April and May 2020 and reduction in trade and other payables.

Each share of the company, which was listed on the Dhaka bourse in 2006, closed at Tk 1397.20 on Wednesday.

The company disbursed 295 per cent cash dividend for the year ended on March 31, 2020.

The company’s paid-up capital is Tk 463.78 million and authorised capital is Tk 1.0 billion while total number of securities is 46.38 million.

The sponsor-directors own 95 per cent stake in the company, while the institutional investors own 2.45 per cent, foreign investors 1.14 per cent and the general public 1.41 per cent as on February 29, 2020, the DSE data shows.