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Berger EPS up 50.47pc

FE Report | Published: July 19, 2019 10:34:46


The consolidated earnings per share (EPS) (un-audited) of Berger Paints Bangladesh rose 50.47 per cent in April-June quarter year on year.

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 company has informed that the earnings per share for the first quarter ending on June 30, 2019 (the company's year end is March 31) increased significantly from the same period of previous year due to decline in prices of key raw materials and an increase in net financial income.

The net operating cash flow per share also increased significantly from same period of previous year mainly because of improvement in working capital management, said the company.

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.

And 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.

On Thursday, the paint company's share traded between Tk 1,414 and Tk 1,446, before closing at Tk 1,434.50 each on the Dhaka Stock Exchange (DSE), gaining 2.55 per cent over the previous day.

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