FE Today Logo

Rise in imported raw materials drags Walton EPS down

FE Report | January 23, 2022 00:00:00


Some five listed companies including Walton Hi-Tech Industries PLC have performed mixed for October-December (Q2), 2021 compared to the same period of the previous year.

Of the companies, the EPS (earnings per share) of three ones declined for the Q2, 2021 due to rise in the prices of imported raw materials and decrease in turnover values.

On the other hand, two companies saw a rise in the EPS due to increase in revenue and decrease in finance cost.

Of the companies, the Walton Hi-Tech Industries PLC has reported its EPS of Tk. 5.45 for October-December 2021 as against Tk. 8.05 for October-December 2020, according to a disclosure posted on the DSE website.

The company's EPS declined 47.71 per cent or Tk 2.6 for the Q2, 2021 compared to the same period of the previous year.

The EPS was Tk. 14.73 for July-December 2021 as against Tk. 21.48 for July-December 2020.

The NOCFPS was Tk. (16.78), a negative value, for July-December 2021 as against Tk. 47.95 for July-December 2020.

Asked, Md. Rafiqul Islam, company secretary of the Walton Hi-Tech Industries PLC, said their company's EPS declined for the Q2, 2021 compared to the same period of the previous year mainly because of rise in imported raw materials.

"The rise in charges of shipping lines has also left a negative impact on our EPS. Nevertheless, our company has not increased the product prices taking into account the interest of our consumers," Mr. Islam said.

He said they are expected to see a rise in EPS for the next two quarters as the product prices have to be adjusted gradually.

The consolidated EPS of Doreen Power Generations and Systems rose 13.65 per cent to close at Tk 2.33 for October-December 2021 from Tk. 2.05 reported for the same period of the previous year.

The company reported its consolidated EPS of Tk. 4.86 for July-December 2021 as against Tk. 3.85 for July-December 2020.

The consolidated NOCFPS was Tk. (4.03), a negative value, for July-December 2021 as against Tk. 1.12 for July-December 2020.

In a clarification, the company said its EPS increased significantly due to significant increase in revenue of two subsidiaries and significant decrease in finance cost of the group for reduction of outstanding loan and reduction of interest rate.

"The consolidated NOCFPS has decreased significantly because of significant increase in closing stocks and receivable of subsidiary companies as on December 31, 2021."

Aziz Pipes has reported a loss of Tk 0.66 per share for October-December 2021 as against the loss of Tk 0.04 per share for October-December 2020.

"The EPS decreased due to decrease in turnover and also increase in cost of goods sold (COGS) as compared to the same period of last year and for shutdown of production activities," the company said in a disclosure.

Mozaffar Hossain Spinning Mills saw a robust growth in EPS for the Q2, 2021 against the same period of the previous year.

The company's EPS rose 2333 per cent or Tk 0.70 to close at Tk 0.73 for the Q2, 2021 against Tk. 0.03 for the same period of the previous year.

The NOCFPS was Tk. 4.33 for July-December 2021 as against Tk. (7.54), a negative value, for July-December 2020.

In a disclosure, the company has informed that the effect of production and sales from the new Ring Spinning Unit and full capacity utilisation at rotor unit, as well as the current price hike of yarn helps the company to see high positive changes at all indicators.

Anlimayarn Dyeing has reported a loss of Tk 0.08 for October-December 2021 as against Tk. 0.06 for October-December 2020.

The NOCFPS was Tk. 0.45 for July-December 2021 as against Tk. 0.31 for July-December 2020.

[email protected]


Share if you like