Summit Power Company’s profits soared – 2024-03-25 06:47:45

by times news cr

2024-03-25 06:47:45

The Board of Directors of Summit Power Limited, a company listed in the energy and power sector in the capital market, has released the unaudited financial report for the first quarter (July-September, 2023), second quarter (October-December, 2023) and half-yearly (July-December, 2023) for the financial year 2022-23. According to published reports, the company’s earnings per share (EPS) have increased in all quarters under review.

On Monday (March 25), Dhaka and Chittagong Stock Exchange (DSE-CSE) informed this information.

The consolidated earnings per share (EPS) of the company in the first quarter of the financial year under review stood at Tk 0.89. In the corresponding period of the previous fiscal, the company’s EPS was Rs.0.81. Accordingly, the company’s EPS has increased by Tk 0.08 in the quarter under review.

The company’s consolidated net operating cash flow per share (NOCFPS) stood at Tk 1.32 in the first quarter of the financial year under review. The company’s NOCFPS was Rs 0.79 in the corresponding period of the previous financial year.

Meanwhile, the company’s consolidated net asset value per share (NAV) for the period up to September 30, 2023 stood at Tk 39.13.

Meanwhile, the company’s consolidated earnings per share (EPS) for the second quarter of the current fiscal stood at Tk 0.82. In the corresponding period of the previous fiscal, the company’s EPS was Rs.0.76. Accordingly, the company’s EPS has increased by Tk 0.06 in the current quarter.

On the other hand, the company’s consolidated profit per share for the 6 months or half-yearly quarter was Tk 1.71. In the same period of the previous financial year, the EPS of the company was Rs.1.57. As such, the company’s EPS has increased by Tk 0.14 in the quarter under review.

The company’s consolidated net operating cash flow per share (NOCFPS) stood at Tk 2.21 in the second quarter of the financial year under review. The company’s NOCFPS was Rs.2.02 in the corresponding period of the previous financial year.

The company’s consolidated net asset value per share (NAV) for the period ended December 31, 2023 stood at Tk 39.77.

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