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Pharma & chemicals sector

Wata Chemicals posts highest EPS growth among local cos

FE REPORT | Published: November 15, 2019 10:49:26 | Updated: November 20, 2019 10:35:22


Wata Chemicals, a listed company in the pharmaceuticals & chemicals sector, posted the highest EPS (earnings per share) growth among its local peers in fiscal year (FY) 2018-19.

The company's EPS for FY '19 stood at Tk 11.63, registering an increase of 164 per cent over the previous fiscal when the EPS was Tk 4.40.

Its paid-up capital, however, is much lower than that of many other companies of this sector.

The company recommended 30 per cent cash dividend and 25 per cent stock dividend for the year ended on June 30, 2019.

There are a total of 32 listed companies in the pharmaceuticals & chemicals sector. Of them, three are multinational companies.

Among other local companies, Advent Pharmaceuticals, Renata and Silco Pharmaceuticals posted moderate rise in EPS.

Advent Pharmaceuticals witnessed a 49 per cent rise in EPS, which stood at Tk 2.10 for FY '19, compared to the previous fiscal. It recommended 2.0 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2019.

The EPS of Silco Pharmaceuticals climbed 39 per cent to Tk 2.28. The company recommended 2.0 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2019.

Renata saw a 21 per cent increase in consolidated EPS at Tk 46.63. The company recommended 100 per cent cash and 10 stock dividend for the year ended on June 30, 2019.

The EPS of Square Pharmaceuticals rose marginally to Tk 16.03 for FY '19 from Tk 14.69 in the previous fiscal.

The company recommended 42 per cent cash and 7.0 per cent stock dividend for the year ended on June 30, 2019.

The EPS of Indo-Bangla Pharmaceuticals, Orion Infusion, Orion Pharma, Pharma Aids, ACI Formulation, Kohinoor Chemicals Company (Bangladesh) and Beximco Pharmaceuticals also increased moderately for FY '19.

The EPS of Beximco Pharmaceuticals stood at Tk 7.48. The company recommended 15 per cent cash dividend for the year ended on June 30, 2019.

On the other hand, Central Pharmaceuticals, Beacon Pharmaceuticals, Far Chemicals, Global Heavy Chemicals, The IBN SINA Pharmaceutical Industry, JMI Syringes & Medical Devices and Salvo Chemical Industry saw their EPS decline.

Two other companies -- ACI and Imam Button Industries -- posted loss for FY '19.

ACI reported a consolidated loss of Tk 14.87 per share for the year ended on June 30, 2019 as against the EPS of Tk 10.36 for the previous fiscal.

The company has recommended 100 per cent cash and 15 per cent stock dividend for the year ended on June 30, 2019.

Imam Button Industries reported a loss of Tk 0.49 per share. It recommended no dividend for the year ended on June 30, 2019.

mufazzal.fe@gmail.com

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