The earnings per share (EPS) of Heidelberg Cement Bangladesh has turned negative in the April-June quarter due to higher cost of goods sold and lower financial income.
The cement manufacturer's consolidated earnings per share came down to negative Tk 0.72 for April-June 2019 as against Tk 4.21 for April-June 2018, according to an official disclosure published on Wednesday.
The consolidated EPS was Tk 2.69 for January-June 2019 as against Tk 9.55 for January-June 2018.
The consolidated net operating cash flow per share (NOCFPS) was Tk 5.78 for January-June 2019 as against Tk 10.81 for January-June 2018.
The consolidated net asset value (NAV) per share was Tk 77.87 as on June 30, 2019 and Tk 82.68 as on December 31, 2018.
The company noted that NAV per share declined, compared to the same period of the previous year, due to charging of regular depreciation and decrease of inventory.
The EPS declined by Tk 6.86 in January-June 2019 due to higher cost of goods sold and lower financial income, it said.
The NOCFPS slumped for lower sales collection, increase in supplier payment and more advance tax payment at the import stage, said the company.
The multinational company's shares were traded between Tk 203.7 and Tk 219, before closing at Tk 204 on Wednesday, registering a fall by 8.60 per cent. It was also the day's worst loser.
The Heidelberg Cement, listed on the DSE in 1989, disbursed 75 per cent cash dividend for the year ended on December 31, 2018.
The company's paid-up capital is about Tk 565.04 million, authorised capital is Tk 1.0 billion and the total number of securities is 56.50 million.
The sponsor-directors own 60.67 per cent stake in the company, while institutional investors own 25.97 per cent, foreign investors 1.15 per cent and the general public 12.21 per cent as of June 30, 2019.
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