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Sonali Paper sees robust growth in EPS

FE Report | October 14, 2021 00:00:00

Sonali Paper & Board Mills saw a robust growth in EPS (earnings per share) for July-September, 2021 compared to same period of previous year riding on increased sales and reduced finance cost.

The company has reported its EPS of Tk. 6.66 for July-September 2021 against Tk. 0.63 for July-September 2020.

The company's EPS rose 957 per cent or Tk 6.03 in July-September, 2021 from the same period of previous year.

"… during the period sales and other income has been increased and finance cost has been decreased. As a result, net profit and EPS increased compare to the period ended 30 September, 2020," the company said in a disclosure.

The company has also reported its NOCFPS of Tk. 2.51 for July- September 2021 as against Tk. 7.26 for July- September 2020.

NAV per share was Tk. 290.99 as on September 30, 2021 and Tk. 284.33 as on June 30, 2021.

The company also said during Q1, 2021 it procured more quantity of raw materials.

"For this reason operating cash flows decreased compare to the period ended 30 September, 2020."

The share price of Sonali Paper & Board Mills, presently an 'A' category company, closed at Tk 525.90 each on Wednesday with a loss of 0.53 per cent or Tk 2.80.

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