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Walton EPS jumps 147.38pc in Q3

FE Report | May 25, 2021 00:00:00


Walton Hi-Tech Industries has posted a robust growth in its earnings per share (EPS) for January-March (Q3), 2021compared to same period of the previous year.

For January-March, 2021 the company has reported its EPS of Tk 12.79 which was Tk 5.17 for same period of the previous year, according to a disclosure posted on the website of Dhaka Stock Exchange (DSE).

As a result, the company's EPS rose 147.38 per cent or Tk 7.62 in Q3 of 2021 from the January-March, 2020.

The Walton's EPS was Tk. 34.14 for July 2020-March 2021 as against Tk. 25.53 for July 2019-March 2020.

Apart from reporting robust growth in earnings, the company has informed that its board of directors has taken decision to open branches/liaison offices in India, Nepal, UAE and South Korea for market expansion and technology sourcing.

"The board of directors also has decided to invest US $500,000.00 in Walton Corporation United States of America to purchase ordinary shares and preferential shares subject to approval of Bangladesh Bank and other relevant regulators," the company said.

It said the mentioned company will provide imports, exports and procurement services in North America.

According to Walton's quarterly report, the NOCFPS was Tk. 52.42 for July 2020-March 2021 as against Tk. 5.02 for July 2019-March 2020.

The company's NAV per share (with revaluation) was Tk. 291.59 as on December 31, 2021 and Tk. 261.92 as on June 30, 2020.

"NAV per share (without revaluation) was Tk. 188.14 as on December 31, 2021 and Tk. 158.39 as on June 30, 2020."

Meanwhile, the company has informed that its board of directors has taken decision in compliance with approval of the securities regulator with regard to the holding an extraordinary general meeting (EGM).

The EGM will be held on July 14 this year for rearrangement of the use of company's IPO proceeds subject to the approval of the shareholders.

Walton Hi-Tech Industries, presently an 'A' category company, was listed with the stock exchanges in 2020.

The company sponsor-directors hold 99.03 per cent shares, institutes 0.44 per cent and general public 0.53 per cent only as on April 30, 2021.

The company's share price closed at Tk 1286 each on Monday with a rise of 2.97 per cent or Tk 37.10 on the premier bourse DSE.

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