Bangladesh Building Systems (BBS) on Sunday became the number one gainer despite the company's earnings declined for the year ended on June 30, 2020.
On the day, the company's share price closed at Tk 18.80 each on Dhaka Stock Exchange (DSE) with a rise of 12.05 per cent or Tk 2.0.
The price hike observed on Sunday in share price of the BBS was the highest one in last 21 sessions executed on the premier bourse DSE.
Meanwhile, the earnings per share (EPS) of the company declined for the year ended on June 30, 2020 compared to same period of the previous year.
The company has reported EPS of Tk. 0.70 for the year ended on June 30, 2020 as against Tk. 1.80 (restated) for the same period of the previous year, according to a disclosure posted on DSE website on Sunday.
The company has also reported NAV per share of Tk. 15.70 and NOCFPS of Tk. (0.66) for the year ended on June 30, 2020 against Tk. 15.00 (restated) and Tk. 0.31 (restated) respectively for same period of the previous year.
In its disclosure, the BBS said the company's EPS decreased due to fall of revenue and effects of COVID-19, while the NOCFPS increased due to rise of payment compared to the sales and collection.
The company's board of director has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2020.
The board has also approved above Tk 77.58 million for BMRE, machinery, land purchases and business expansion.
The BBS, presently an 'A' category company, was listed on the stock exchanges in 2013.
The company's sponsor-directors hold 30.01 per cent shares, institutes 36.65 per cent, foreigners 0.10 per cent and general shareholders 33.24 per cent.
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