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The Financial Express

ICB's earning per share jumps

| Updated: November 14, 2021 16:17:17


ICB's earning per share jumps

Investment Corporation of Bangladesh (ICB) saw a steep rise in EPS (earnings per share) for the year ended on June 30, 2021 compared to the same period of previous year.

The company's EPS rose significantly mainly riding on increase in capital gains and decrease in interest expense.

The consolidated EPS of the state-owned corporation has jumped to Tk 1.43 which was 104.28 per cent higher than that of previous year. The company's consolidated EPS was Tk 0.70 for the year ended on June 30, 2020.

"Net profit and EPS increased in current year compared to previous year due to increase in capital gain and decrease in interest expense," the company said in its disclosure.

The ICB has also reported consolidated NAV per share of Tk. 54.98 and consolidated NOCFPS of Tk. 0.73 for the year ended on June 30, 2021 as against Tk. 54.12 and Tk. 1.27 respectively for the same period of the previous year.

"NOCFPS declined in current year compared to previous year due to increase in repayment of term deposit receipt (TDR) and loan."

The company's board of directors has recommended 11 per cent cash dividend for the year ended on June 30, 2021.

The company's share of the ICB closed at Tk 120.30 each on Thursday with a loss of 5.05 per cent or Tk 6.40.

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