Listed engineering cos register 4.20pc growth

Listed engineering sector companies witnessed a 4.20 per cent growth in the first half of 2015 as profits of majority companies rose in January-June period of the current calendar year compared to the same period of last year.
Consolidated earnings of the listed engineering sector companies increased to Tk 2,631.90 million in January-June period in 2015 against Tk 2,526.10 million in the same period last year, according to LankaBangla Securities, a stockbroker, in its analysis.
"Profits margin of large-cap companies of the sector rose significantly which contributed to the overall performance of the sector," said the analysis.
The engineering sector's growth was mostly dominated by BSRM Steels, which witnessed 29 per cent growth year-on-year in January-June period in 2015, according to the analysis.
Of the total 31 companies listed in the sector that accounts for around 5.5 per cent of the Dhaka Stock Exchange's total market capitalization, half-yearly reports of 27 companies available while four are yet to publish their reports.
Among them, consolidated profits (un-audited) of 17 companies rose while 10 registered negative growths in the January-June period in 2015 compared to the same period a year ago, data from the DSE and LankaBangla Securities showed.
The companies whose profits rose are BSRM Steels, Bangladesh Steel Re-rolling Mills, Bangladesh Lamps, Bangladesh Thai Aluminum, Rangpur Foundry, BD Autocar, Appollo Ispat, Bangladesh Building System, Bengal Windsor Thermoplastic, Deshbandhu Polymer, Eastern Cables, GPH Ispat, National Polymer, Quasem Drycell, Western Marine Shipyard, Anwar Galvanizing and Aziz Pipes.
Consolidated profits of BSRM Steels stood at Tk 1,054.43 million with earning per share (EPS) Tk 3.09 in the first half of 2015 against Tk 818.53 million and Tk 2.39 respectively for the same period last year.
Bangladesh Steel Re-rolling Mill's consolidated profits rose to Tk 185.19 million in January-June period in 2015 against Tk 129.52 million in the same period a year ago.
The consolidated profits of Rangpur Foundry increased to Tk 17.10 million with EPS Tk 1.71 in the January-June period in 2015 against Tk 16.0 million and Tk 1.60 respectively in the same period a year ago.
Appollo Ispat's profits rose to Tk 201.02 million in the first half of 2015 against Tk 115.17 million the same period a year ago. Profits of Bangladesh Building Systems stood at Tk 111.3 million in the January-June in 2015 against Tk 107.25 million in the same period last year.
Bengal Windsor's profit stood at Tk 155.01 million the first six months in 2015 which was Tk 94.87 million in the same period last year.
Deshbandhu Polymer's profits stood at Tk 34.13 million in the first half of 2015 which was Tk 11.43 million in the same period last year.
Bangladesh Thai Aluminum's profits rises to Tk 53.90 million in the first half of 2015 against Tk 20.16 million in the same period last year.
Eastern Cables consolidated profits stood at Tk 18.2 million against Tk 15.89 million in the same period a year ago.
Bangladesh Lamp's profits rose to Tk 3.75 million with EPS Tk 0.40 in the first half in the current calendar year which was Tk 1.59 million and Tk 0.17 in the corresponding period last year.
GPH Ispat's profits rose to Tk 157.39 million in the six months in the current calendar year which was Tk 143.47 million the same period last year.
Consolidated profits of National Polymer stood at Tk 23.78 million in the first half of 2015 against Tk 10.36 million in the same period a year ago.
Quasem Drycells profits stood at Tk 39.68 million in the first six months in the current calendar year against Tk 38.12 million in the corresponding period last year.
Western Marine Shipyard's consolidated net profits increased to Tk 106.04 million in the first half of 2015 against Tk 75.52 million in the same period a year ago.
Consolidated profits of BD Autocar stood at Tk 0.25 million in the January-June period in the current calendar year against Tk 0.06 million the same period last year.
Anwar Galvanizing's profits stood at Tk 4.15 million in the first half in 2015 which was Tk 0.098 million in the same period last year.
Aziz Pipes's profits rose to Tk 5.14 million with EPS Tk 1.06 in the first half of 2015 against Tk 1.02 million and Tk 0.21 respectively in the same period last year.
On the other hand, Singer Bangladesh, Monno Jute Stafflers, Atlas Bangladesh, Kay & Que, S Alam Cold-Rolled Steels, Golden Son, IFAD Autos, National Tubes, Renwick Jajneswar, Aftab Automobiles saw less profits in the first half in 2015 compared to the same period a year ago.
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