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Uttara Bank’s EPS soars, Rupali Bank’s drops

FE Online Report | Published: July 24, 2019 12:15:21 | Updated: July 25, 2019 12:09:32


Uttara Bank’s earnings per share (EPS) soared 85 per cent in January-June period of 2019 compared to the same period in the previous year.

In six months for January-June 2019, its consolidated EPS was Tk 2.50 as against Tk 1.35 for January-June 2018, registering an increase of 85 per cent year-on-year, according to an official disclosure on Wednesday.

The bank’s consolidated EPS was Tk 1.58 for April-June 2019 as against Tk 0.98 for April-June 2018.

The consolidated net asset value (NAV) per share was Tk 34.64 as on June 30, 2019 and Tk 34.29 as on June 30, 2018.

However, the consolidated net operating cash flow per share (NOCFPS) was negative Tk 13.57 for January-June 2019 as against Tk 7.97 for January-June 2018.

The bank also informed that net operating cash flow per share (NOCFPS) has been decreased in the current period mainly due to increase of cash payment to employees, income tax paid and decrease of deposits from customers and other assets and other liabilities etc. compared to the previous corresponding period.

The bank’s share traded between Tk 27.6 and Tk 28.4, before closing at Tk 27.6 on Tuesday at DSE.

The bank, which was listed on the DSE in 1984, disbursed 20 per cent cash and 2.0 per cent stock dividend for the year ended on December 31, 2018.

The bank’s paid-up capital is about Tk 4.08 billion, authorised capital is Tk 6.0 billion and the total number of securities is 408.08 million.

The sponsor-directors own 20.88 per cent stake in the company, while institutional investors own 25.01 per cent, foreign investors 2.72 per cent and the general public 51.39 per cent as of May 31, 2019.

Emerging Credit Rating Limited (ECRL) has assigned the surveillance rating of the bank as “AA” in the long term and “ST-2” in the short term along with a stable outlook based on audited financial statements of the company up to December 31, 2018 and other relevant quantitative as well as qualitative information up to the date of rating.

Meanwhile, state-owned Rupali Bank’s EPS fell 20 per cent in January-June period of 2019 compared to the same period in the previous year.

The bank’s consolidated EPS was Tk 0.28 for January-June 2019 as against Tk 0.35 for January-June 2018.

The consolidated NOCFPS was negative Tk 98.26 for January-June 2019 as against Tk 29.88 for January-June 2018.

The consolidated NAV per share was Tk 45.98 as on June 30, 2019 and Tk 45.73 as on December 31, 2018.

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