The earning of Appollo Ispat Complex Limited, a company listed on the capital market in engineering category, has jumped by 36.83 percent.
The net earning of the company during the first quarter of the 2014-15 fiscal year rose to Tk 135.27 million against Tk 98.85 million of the corresponding period of previous fiscal (2013-14).
The Earnings Per Share (EPS) of the company during the said period under review was Tk 0.54 when the number of shares of the company was 250 million. During the same period of previous year, the company's EPS was Tk 0.66 having 150 million shares, said a press release.
The annual report shows, if the number of shares remained as low as 150 million during 2014-15 fiscal, the EPS could have increased to Tk 0.90.
Considering this, it is assumed that the company's net asset value per share would rise. The company witnesses surge in asset value as its burden on bank interest has been reduced by Tk 20 million because the company's liability has come down.
Besides, the company's has to pay less corporate taxes than before as it has to count 27.50 percent as income tax, down from 37.50 percent being listed on stock market.
For this, the company now saves up to Tk 20 million as income tax.
Meanwhile, the company is going to hold the annual general meeting (AGM) at Dream Holiday at Pachdona in Narsindhi on December 21, 2014 for taking the approval of shareholders for its recommended 15 percent stock dividend and also to approve other agenda.
Appollo Ispat\\\'s earning zooms up 36.83pc
FE Desk Report | Published: November 19, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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