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SK Trims to invest Tk 35m in two cos

FE Online Report | Published: March 10, 2019 13:45:30 | Updated: March 12, 2019 11:13:45


The board of directors of SK Trims & Industries has decided to invest Tk 35 million in two unlisted companies, said an official disclosure on Sunday.

As per the board decision, the company will invest Tk 25 million (2,500,000 shares) i.e. 2.0 per cent shares in W&W Company (Pharmaceuticals Packaging Manufacturing Unit situated in Gazipur).

The SK Trims will also invest Tk 10 million (1,000,000 shares) i.e. 1.43 per cent shares in BEKA Garments & Textiles (situated in Narayanganj), the disclosure added further.

The board has also confirmed that investment of Tk 10 million in Dominage Steel Building Systems has been completed.

SK Trims, which made trading debut on July 15, 2018, disbursed 2.0 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2018.

Each share of the company closed at Tk 55.20 on Thursday last at the Dhaka Stock Exchange.

The company’s earnings per share (EPS) stood at Tk 0.73 for October-December period of 2018 as against Tk. 0.41 for October-December 2017.

The EPS was Tk. 1.44 for July-December 2018 as against Tk. 0.68 for July-December 2017.

The NOCFPS was Tk. 0.56 for July-December 2018 as against Tk. 0.13 for July-December 2017.

The NAV per share was Tk. 14.27 as on December 31, 2018 and Tk. 12.82 as on June 30, 2018.

The company’s paid-up capital is Tk 7770 million and authorised capital is Tk 1.0 billion, while the total number of securities is 77 million.

The sponsor-directors own 30.29 per cent stake in the company, while institutional investors own 31.32 per cent, and the general public 38.39 per cent as on January 31, 2019, the DSE data shows.

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