Bangladesh Lamps’ posts positive earnings, declares 20% dividend

The company informed that EPS has increased significantly from the last year due to an increase in revenue by 46% and a decrease in net finance cost by 57%

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

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Bangladesh Lamps’ earnings came out of the negative territory and the company recommended a 20% cash dividend for the year ended on June 30, 2021. 

In a filing with Dhaka Stock Exchange on Tuesday, the company reported earnings per share (EPS) of Tk5.10 and net asset value (NAV) per share of Tk95.16 for the year ended on June 30, 2021, as against Tk9.88 in the negative and Tk59.98 respectively for the same period of the previous year. 

The company informed that EPS has increased significantly from the last year due to an increase in revenue by 46% and a decrease in net finance cost by 57%.

Besides, another increase of 26% in other income led to higher EPS. 

The annual general meeting of the company is scheduled to take place on December 19, 2021, via a digital platform. 

The closing price for each of its shares was Tk208 during Tuesday’s session.

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