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The Financial Express

ICB's earning per share rises sharply

| Updated: November 26, 2021 13:09:30


ICB's earning per share rises sharply

The state-run Investment Corporation of Bangladesh (ICB) saw a steep rise in EPS (earnings per share) for first quarter (July-September) of the fiscal year (FY) 2021-22 compared to same quarter of the FY 2020-21.

The company's EPS increased in Q1, 2021-22 due to a rise in capital gains and decrease in interest expense, according to ICB.

For the Q1 of the FY 2021-22, the ICB reported its consolidated EPS of Tk 0.70 against Tk 0.38 reported for Q1 of the FY 2020-21.

The company's EPS soared 84.21 per cent in Q1, 2021-22 compared to same quarter of the FY 2020-21.

The ICB has reported a consolidated NOCFPS Tk. (8.87), a negative value, for July-September 2021 as against Tk. (4.60), a negative value, for July-September 2020.

"NOCFPS declined in Q1 of the FY 2021-22 compared to Q1 of the FY 2020-21due to increase in repayment of term deposit receipt (TDR)," said the company in a disclosure.

The ICB's share price declined 1.77 per cent or Tk 2.2 to close at Tk 121.90 each on Sunday.

The sponsor-directors of ICB, an 'A' category company, hold 69.81 per cent shares, the government 27 per cent, institutes 1.67 per cent and general public 1.52 per cent as on October 31, 2021.

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