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Uttara Bank's EPS soars 85pc in H1

FE Report | July 25, 2019 00:00:00


The earnings per share (EPS) of Uttara Bank soared 85 per cent in January-June period of 2019, compared to the same period in the previous year.

The bank's consolidated EPS for the six-month period stood at Tk 2.50 as against Tk 1.35 for January-June 2018, registering an increase of 85 per cent, according to an official disclosure published on Wednesday.

The bank's consolidated EPS was Tk 1.58 for April-June 2019 as against Tk 0.98 for April-June 2018.

The consolidated net asset value (NAV) per share was Tk 34.64 as on June 30, 2019 and Tk 34.29 as on June 30, 2018.

However, the consolidated net operating cash flow per share (NOCFPS) was negative Tk 13.57 for January-June 2019 as against Tk 7.97 for January-June 2018.

The bank has informed that the net operating cash flow per share (NOCFPS) has declined in the current period mainly due to an increase in cash payment to employees, income tax paid and decrease in deposits from customers and other assets and other liabilities, compared to the previous corresponding period.

The bank's shares were traded between Tk 27.6 and Tk 28.4, before closing at Tk 28.20 on Wednesday, gaining 2.17 per cent.

The bank, listed on the DSE in 1984, disbursed 20 per cent cash and 2.0 per cent stock dividend for the year ended on December 31, 2018.

The bank's paid-up capital is about Tk 4.08 billion, authorised capital is Tk 6.0 billion and the total number of securities is 408.08 million.

The sponsor-directors own 20.88 per cent stake in the company, while institutional investors own 25.01 per cent, foreign investors 2.72 per cent and the general public 51.39 per cent as of May 31, 2019.

Meanwhile, state-owned Rupali Bank's EPS fell 20 per cent in January-June period of 2019, compared to the same period of the previous year.

The bank's consolidated EPS was Tk 0.28 for January-June 2019 period as against Tk 0.35 for January-June 2018.

The consolidated NOCFPS was negative Tk 98.26 for January-June 2019 as against Tk 29.88 for January-June 2018.

The consolidated NAV per share was Tk 45.98 as on June 30, 2019 and Tk 45.73 as on December 31, 2018.

Each share of the bank, listed on the DSE in 1986, closed at Tk 34 each, losing 1.47 per cent over the previous day.

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