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Heidelberg’s EPS turns negative in Apr-Jun

FE Online Report | Published: July 24, 2019 12:05:41 | Updated: July 25, 2019 10:48:37


The earnings per share (EPS) of Heidelberg Cement Bangladesh Limited has turned negative in April-June quarter due to higher cost of goods sold and lower financial income.

The cement manufacturer’s consolidated EPS came down to negative Tk 0.72 for April-June 2019 as against Tk 4.21 for April-June 2018, said an official disclosure on Wednesday.

The consolidated EPS was Tk 2.69 for January-June 2019 as against Tk 9.55 for January-June 2018.

The consolidated net operating cash flow per share (NOCFPS) was Tk 5.78 for January-June 2019 as against Tk 10.81 for January-June 2018.

The consolidated net asset value (NAV) per share was Tk 77.87 as on June 30, 2019 and Tk 82.68 as on December 31, 2018.

The company noted that NAV per share reduced compare to same period of previous year, due to charging of regular depreciation and decrease of inventory.

The EPS declined by Tk 6.86 due to higher cost of goods sold and lower financial income.

The NOCFPS decrease for lower sales collection, increase of supplier payment and more advance tax payment in import stage, said the company.

The multinational company’s share traded between Tk 203.9 and Tk 21930, before closing at Tk 223.20 on Tuesday at DSE.

The Heidelberg Cement, which was listed on the DSE in 1989, disbursed 75 per cent cash dividend for the year ended on December 31, 2018.

The company’s paid-up capital is about Tk 565.04 million, authorised capital is Tk 1.0 billion and the total number of securities is 56.50 million.

The sponsor-directors own 60.67 per cent stake in the company, while institutional investors own 25.97 per cent, foreign investors 1.15 per cent and the general public 12.21 per cent as of June 30, 2019.

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