BBS Cables Limited, a sister concern of Bangladesh Building Systems, has posted 160 per cent rise in earnings per share (EPS) for the October-December period of 2017, compared to the corresponding period the previous year.
According to un-audited second quarter (Q2) financial reports, the company's EPS was Tk 2.16 for the October-December period of 2017 as against Tk 0.83 for the same period in 2016, said an official disclosure on Wednesday.
For the six-month period (July-December) of 2017, the company's EPS was Tk 3.53 as against Tk 1.47 for the same period of 2016.
The net operating cash flow per share (NOCFPS) stood at Tk 3.15 for the second quarter of 2017 as against Tk 3.35 for the same quarter in 2016.
The net asset value (NAV) per share was Tk 19.76 as on December 31, 2017 and Tk 19.17 as on June 30, 2017.
The share of the electric cable manufacturer, which made its trading debut on July 31, 2017, closed at Tk 110.70 on Wednesday, gaining 1.0 per cent over the previous day.
BBS Cables raised Tk 200 million through initial public offering (IPO) using the fixed-price method.
The company's paid-up capital is Tk 1.38 billion and authorised capital is Tk 3.0 billion while the total number of securities is 138 million.
The sponsor-directors own 33.60 per cent stake in the company while institutional investors own 16.70 per cent, foreign investors 0.06 per cent and the general public 49.64 per cent as on December 31, 2017, the DSE data showed.
Recently, the company was placed in 'A' category from 'N' category as it has reported disbursement of 5.0 per cent cash and 15 per cent stock dividend for the year ending on June 30, 2017.
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