GPH Ispat recommends cash, stock dividend

Tuesday, 1 November 2022

GPH Ispat Ltd has recommended 5.50 per cent cash and 5.50 per cent stock dividend for the year to June 2022, according to DSE Online.
The company's earnings per share (EPS) dropped 18.18 per cent to Tk 3.42 for the year ending on June 30, 2022 from Tk 4.18 a year ago.
EPS has decreased due to an exchange loss in foreign currency transactions. On the other hand, prices of all imported raw materials, and international shipping and freight charges have increased due to a dull economic condition followed by Covid-19 and the Russia-Ukraine war.
The Net Operating Cash Flow per share (NOCFPS) stands at Tk (7.15) from Tk (4.05) a year ago.
The closing share price of the company was Tk 47.30 on Monday.
NOCFPS decreased due to an increase in cash payments to suppliers, operating expenses, administrative expenses, selling and distribution expenses caused by price hike in both local and the international markets.
Bonus shares have been recommended with a view to utilising the retained amount as capital for the company's manufacturing facility expansion and have been declared out of accumulated profit.