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Prime Bank's EPS surges 13.5pc in Q1

Record date June 21

FE REPORT | June 03, 2020 00:00:00

Prime Bank's consolidated earnings per share rose 13.5 per cent year-on-year in the first quarter (Q1) for January-March, 2020.

The board of directors of the bank in a meeting held through digital platform on Monday approved the un-audited financial statements for the January-March, 2020, according to an official disclosure on Tuesday.

As per un-audited financial statements, the bank's consolidated EPS was Tk 0.42 for January-March 2020 as against Tk 0.37 for January-March 2019.

The consolidated net operating cash flow per share (NOCFPS) was Tk 2.12 for January-March 2020 as against Tk 1.97 for January-March 2019.

The consolidated net asset value (NAV) per share was Tk 23.86 as on March 31, 2020 and Tk 23.57 as on March 31, 2019.

Each share of the bank, which was listed on the Dhaka bourse in 2000, closed at Tk 14.20 on Tuesday, remaining unchanged over the previous day.

In the last one year, its share traded between Tk 13.50 and Tk 19.90 per share.

Recently, the board of directors of the bank has recommended 13.50 per cent cash dividend for the year ended on December 31, 2019.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on July 9 at 11am. The AGM will be arranged through digital platform.

The record date for entitlement of the dividend is June 21.

In 2018, the bank disbursed 12.50 per cent cash dividend.

The company's paid-up capital is Tk11.32 billion, authorised capital is Tk 25 billion and the total number of securities is 1.13 billion.

Sponsor-directors own 38.92 per cent stake in the bank while institutional investors 27.02 per cent, foreign investors 3.51 per cent and general public 30.55 per cent as on February 29, 2020, the DSE data showed.

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