Eastern Housing secured an impressive 37 per cent year-on-year growth in profit, reaching Tk 772 million in FY25, as apartment and land sales increased amid zero finance costs, defying the broader economic slowdown.
The listed realtor's earnings per share (EPS) stood at Tk 8.27 for the year through June, up from Tk 6.04 the previous year, according to price-sensitive information published on Tuesday.
A substantial revenue growth, coupled with higher interest income amid elevated deposit rates, boosted the company's profit, according to its earnings note.
On top of that, the real estate developer has no interest-bearing bank loans, making the company's financial performance immune to high interest risk.
Eastern Housing's short-term investments amount to Tk 4.40 billion, while it holds Tk 350 million in deposits with the Bangladesh Bank as of March this year.
Based on the profit growth, the board of directors declared a 25 per cent cash dividend for FY25, up from 19 per cent cash dividends paid the previous year.
The company has a total of 93.34 million shares. As a result, it will disburse more than Tk 233 million in cash dividends for FY25 from its annual profit of Tk 772 million, retaining most of the profit for future growth.
The net operating cash flow, an indicator of a company's ability to generate cash from operations, stood at Tk 2.90 per share in FY25, a remarkable improvement from a negative Tk 10.42 per share in FY24.
Eastern Housing has set its annual general meeting (AGM) on October 30, with the record date for dividend entitlement on October 5.
The realtor is yet to disclose its annual revenue figures. However, its nine-month revenue rose 21 per cent year-on-year to Tk 1.99 billion through March this year.
During the same period, land sales increased 14 per cent year-on-year to Tk 1.75 billion, while apartment sales surged 130 per cent year-on-year to Tk 238 million.
Moreover, the company's gross profit margin improved to 39.4 per cent in the nine months from 34.7 per cent in FY24, owing to easing construction material prices that lowered the cost of sales.
"The positive impact on earnings is expected to sustain in the near term amid current elevated deposit rates," said EBL Securities.
Meanwhile, the stock of Eastern Housing declined 2.87 per cent to Tk 88.1 per share on the Dhaka Stock Exchange on Tuesday.
babulfexpress@gmail.com
© 2026 - All Rights with The Financial Express
