The Financial Express

Titas Gas sees 18pc earnings growth in July-Sept

| Updated: November 14, 2017 16:11:42

Titas Gas sees 18pc growth in earnings

The state-run Titas Gas Transmission and Distribution Company witnessed more than 18 per cent growth in earnings for July-September period of 2017 compared to the same period a year ago.

The net profit of the company stood at Tk 1.26 billion for July-September, 2017 which was Tk 1.08 billion in the same period of the previous year, according to the un-audited financial statement of the company disclosed on Monday.

Earnings per share (EPS) stood at Tk 1.28 for July-September, 2017 as against Tk 1.08 for July-September, 2016.

The net asset value (NAV) per share was Tk 66.77 as of September 30, 2017 and Tk 65.49 as of June 30, 2017.

The net operating cash flow per share (NOCFPS) was Tk (2.41) for July-September, 2017 as against Tk (1.29) for July-September, 2016.

Each share of the Titas Gas, which was listed on the Dhaka bourse in 2008, closed at Tk 46.50 on Sunday at the DSE.

The board of directors of the company has recommended 22 per cent cash dividend for the year ended on June 30, 2017.

In 2016, the company disbursed 20 per cent cash dividend.

The company’s paid-up capital is Tk 9.89 billion and authorised capital is Tk 20 billion, while the total number of securities is 989.22 million.

The government owns 75 per cent stake in the company while the institutional investors own 13.36 per cent, foreign 2.39 per cent, and the general public 9.25 per cent as of October 31, 2017, the DSE data shows.

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