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eGeneration Limited, a listed systems integration and software solutions company, has posted an 11 per cent rise in its profits for the first quarter (July-September) of the financial year 2021-22.
The company reported earnings per share (EPS) of Tk 0.41 for the quarter when the figure was Tk 0.37 in the previous year’s same period.
Its net operating cash flow per share (NOCFPS) stood at negative Tk 0.11 in the quarter, against negative Tk 0.38 of the July-September period of FY20.
Besides, it posted net asset value (NAV) per share of Tk 20.86 for the quarter, against Tk 23.95 of the previous year’s same period.
The company’s share price declined 3.23 per cent to Tk 54 at the Dhaka Stock Exchange (DSE) on Tuesday.
eGeneration recommended a 10 per cent cash dividend to general shareholders, other than sponsors and directors, for the year ending on June 30.
The company, as the first IT firm, got listed with the Dhaka bourse this year and made its debut in share trading on February 23 under the ‘N’ category.
The IT consulting company, which raised Tk 15 crore from the capital market under the fixed price method, received IPO approval from the Bangladesh Securities and Exchange Commission (BSEC) on October 21, 2020.
The 17-year-old company, which is the only Bangladeshi licencing solutions partner (LSP) of Microsoft and premier partner of SAP, used about 65.6 per cent of the IPO proceeds for business expansion.
