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The Bata Shoe Company’s (Bangladesh) earnings per share (EPS) plummeted 54 per cent in April-June quarter (Q2) of 2019 compared to the corresponding period of the previous year.
The multinational company’s un-audited earnings per share stood at Tk 15.56 for April-June period this year as against Tk 33.56 for April-June 2018, according to an official disclosure on Sunday.
In six months from January to June 2019, its EPS also fell to Tk 20.50, down from Tk 46.42 for January-June 2018, plunging by 56 per cent.
An official of the company, wishing anonymity, said sales of shoes declined significantly while cost of sales increased during the period under review, affecting the company’s earnings.
The company’s net operating cash flow per share (NOCFPS) was Tk 28.01 for January-June 2019 as against negative Tk 17.42 for January-June 2018.
The company’s net asset value (NAV) per share was Tk 357.11 as on June 30, 2019, which was Tk 347.11 as on December 31, 2018.
The company’s share closed at Tk 1,033.6 on Thursday last at the Dhaka Stock Exchange.
Bata, which was listed on the DSE in 1985, disbursed a total of 345 per cent cash dividend in 2018.
The company’s paid-up capital is Tk 136.80 million, authorised capital is Tk 200 million, and the total number of securities is 13.68 million.
The sponsor-directors own 70 per cent stake in the company, while institutional investors own 19.46 per cent, foreign investors 1.71 per cent and the general public only 8.83 per cent as of June 30, 2019.