United Power sees moderate growth in earning per share


FE Report | Published: February 03, 2019 22:35:42


United Power sees moderate growth in earning per share


United Power Generation & Distribution Company Limited (UPGDCL) has posted a moderate growth in EPS for July-December, 2018 compared to same period of the previous year.
The company's EPS (separate) rose 15.18 per cent to close at Tk 5.31 for July-December. The EPS (separate) was Tk 4.61 for July-December, 2017.
The company reported its consolidated EPS of Tk 7.69 for July-December, 2018.
The financial performance of the UPGDCL for July-December and October-December, 2018 were disclosed on the website of the Dhaka Stock Exchange (DSE) on Sunday.
On the day, the company also held a live session on Half Yearly 2018-19 financial performance through its website.
After the live session, Mohammad Ebadat Hossain Bhuiyan, the chief financial officer (CFO) of the UPGDCL, said their company witnessed a sharp growth in consolidated EPS for July-December, 2018 following increased investments.
The company's consolidated revenue rose to above Tk 5.78 billion for July-December, 2018. The consolidated net profit stood at above Tk 3.76 billion for same period of 2018.
The company has also reported its consolidated EPS of Tk. 3.98 for October-December, 2018. The EPS (Separate) was Tk. 2.83 for October-December, 2017.
The consolidated NOCFPS was Tk. 7.64 for July-December, 2018 whereas NOCFPS (Separate) was Tk. 4.73 for July-December, 2017.
The consolidated NAV per share was Tk. 70.38 as on December 31, 2018 whereas NAV per share (Separate) was Tk. 31.82 as on December 31, 2018.
The UPGDCL disbursed 90 per cent cash dividend and 20 per cent stock dividend for the year ended on June 30, 2018.
The UPGDCL, presently an 'A' category company, was listed with the stock exchanges in 2015.
The company's sponsor-directors hold 90 per cent shares, institutions 5.43 per cent, foreign shareholders 0.13 per cent and general shareholders 4.44 per cent as of December 31, 2018.
The share price of the UPGDCL closed at Tk 393.60 on Sunday with a marginal rise of 1.64 per cent or Tk 6.40 on the Dhaka Stock Exchange (DSE).
The company's share price rose 20.88 per cent or Tk 68 in 15 sessions during January 13 to February 3, 2019.

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