Desco declares 10% dividend

Desco said that its EPS increased due to the increase in sales volume, as well as sales revenue

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File photo of BNP Chairperson Khaleda Zia <strong>Syed Zakir Hossain/Dhaka Tribune</strong>

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Dhaka Electric Supply Company Ltd (Desco) has recommended a 10% cash dividend for the year ended on June 30, 2021. 

In a filing with Dhaka Stock Exchange on Sunday, the company reported earnings per share (EPS) of Tk1.86 and net asset value (NAV) per share of Tk65.24 for the year ended on June 30, 2021, as against Tk1.15 and Tk46.76 respectively for the same period of the previous year. 

Desco said that its EPS increased due to the increase in sales volume, as well as sales revenue. 

Revenue from operation increases due to an increase of retail tariff and consumers also played some role in increasing the EPS. 

Meanwhile, operating profit decreased due to an increase in salary and allowance, finance cost and depreciation. 

The annual general meeting (AGM) of the company is scheduled to take place on January 15, 2022, via a digital platform. 

During Sunday’s trade, the closing price for each of its shares was Tk40.8.

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