EPS (earnings per share) of Envoy Textiles declined drastically for the year ended on June 30, 2021 compared to same period of the previous year.
The company has blamed COVID-19, among others, responsible for the fall in its EPS.
The company, however, said its business operation has been showing signs of recovery ever since the final quarter of outgoing fiscal year.
The company has reported its EPS of Tk. 0.56 for the year ended on June 30, 2021 against Tk. 1.63 for the same period of previous year.
As a result, the company's EPS declined 191 per cent compared to previous year.
The company has also reported a negative net operation cash flow per share (NOCFPS) for the year ended on June 30, 2021.
Is a disclosure, the company said it saw significant deviation in EPS and NOCFPS compared to the previous year as revenue flow in the first nine months were slowed down due to impact of the second wave of Corona virus.
"Business operation has been showing signs of recovery ever since the final quarter of fiscal 2020-21 despite facing various challenges amidst the ongoing Covid-19 pandemic."
It said rising cotton prices have come as a fresh blow to the business, put stress on profitability in export markets.
"Fabric has become costlier as cotton prices almost doubled in a year, higher fabric price induced by global cotton price hike has come on top of surging freight charges and shipment delays, forcing the company to compromise prices to stay afloat."
Envoy Textiles has also recommended 5.0 final cash dividend for the year ended on June 30, 2021.
Earlier, the company distributed 5.0 per cent interim cash dividend.
Meanwhile, two other listed companies recommended dividend for the year ended on June 30, 2021.
Of the companies, Fortune Shoes has recommended 10 per cent cash and 5 per cent stock dividend for the year ended on June 30, 2021.
The company has reported EPS of Tk. 1.59, NAV per share of Tk. 14.24 and NOCFPS of Tk. 1.16 for the year ended on June 30, 2021 as against Tk. 0.80, Tk. 13.63 and Tk. 0.42 respectively for the same period of the previous year.
The board of Quasem Industries has recommended 10 per cent stock dividend for the year ended on June 30, 2021.
The company has also reported EPS of Tk. 1.39, NAV per share of Tk. 30.45 and NOCFPS of Tk. 1.67 for the year ended on June 30, 2021 as against Tk. 0.67, Tk. 29.54 and Tk. 0.82 respectively for the same period of the previous year.
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