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Western Marine emerges one of turnover leaders last week

May 13, 2018 00:00:00


FE Report

Western Marine Shipyard has witnessed increased earnings per share (EPS) for January-March quarter (Q3) of 2018 compared to same period of the previous year.

Following the increased EPS, the company was positioned in the weekly top turnover chart along with witnessing price hike in share price last week.

The company has reported its EPS of Tk. 0.82 for the Q3 as against Tk. 0.43 for the same quarter of 2017, according to un-audited financial statement.

The EPS was Tk. 2.14 for July 2017-March 2018 as against Tk. 1.46 for July 2016-March 2017.

The company emerged as one of the top turnover leaders with an average daily turnover of above Tk 209 million in five sessions of last week.

The company's share trading closed at Tk 33.20 with a rise of 0.61 per cent or Tk 0.2 on Thursday.

During April 25 to May 10 last, the company's share price rose 41.22 per cent or Tk 9.40 in last eight sessions as of Thursday.

On the day, the market capitalisation of Western Marine Shipyard stood at above Tk 5.47 billion on Dhaka Stock Exchange (DSE).

The company's net operating cash flow per share (NOCFPS) was Tk. 3.02 for July 2017-March 2018 as against Tk. 3.67 for July 2016-March 2017.

The net asset value (NAV) per share (with assets revaluation) was Tk. 32.45 as on March 31, 2018 and Tk. 34.24 as on June 30, 2017, NAV per share (without assets revaluation) was Tk. 28.35 as on March 31, 2018 and Tk. 29.61 as on June 30, 2017.

Western Marine Shipyard was listed with the stock exchanges in 2014. The company's sponsor-directors hold 32.67 per cent stake while institutions 12.45 per cent and public shareholders 54.88 per cent.

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