PRAN earnings up, RFL down
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The EPS of the other company, Rangpur Foundry Limited (RFL), dropped to Tk2.18 as against Tk2.19 for the same period, as per the disclosure
One of the two sister concerns of PRAN-RFL Group, a local industrial conglomerate, has reported higher earnings per share (EPS) in the first six months of the current fiscal year while the other saw its EPS going down in the period.
Of the two listed companies, EPS of Agricultural Marketing Company Limited (PRAN) stood at Tk4.24 in July-December period of FY20 as against Tk4.21 during the same period of the previous fiscal year, as per an official disclosure posted by the company on Dhaka Stock Exchange website on Sunday.
The EPS of the other company, Rangpur Foundry Limited (RFL), dropped to Tk2.18 as against Tk2.19 for the same period, as per the disclosure.
According to the un-audited report of PRAN, the EPS was Tk2.13 for October-December 2019 as against Tk1.78 for the same period of the last year. The net asset value (NAV) per share was Tk80.53 as on December 31, 2019 and Tk79.49 as on June 30, 2019.
Each share of the company, which was listed on the DSE in 1996, closed at Tk186.50 on the day. The company had disbursed 32% cash dividend for five years from 2015 to 2019.
According to un-audited financial statement, RFL's EPS was Tk1.06 for October-December’19 as against Tk1.05 for October-December of previous year.
The company was listed on the DSE in 1999. The share price closed at Tk126.70 on the day. The company disbursed 23% cash dividend for three years from 2017 to 2019.
The company’s paid-up capital is Tk10 crore. The sponsor-directors own 49.89% stake in the company, while institutional investors own 16.46% and the general public 33.65% as on December 31, 2019.
The EPS is the company's profit allocated to each share of a listed firm, indicating a company's profitability.
However, analysts have said the unaudited EPS of a company often does not reflect actual financial health of a listed firm, but indicates profitability that influences investors towards their long-term investment plans.
Source: https://www.dhakatribune.com
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