Home ›› 15 Nov 2021 ›› Stock
Saif Powertec Limited, a listed infrastructure-support service provider, has reported Q1 healthy earnings.
Its earnings per share (EPS) stood at Tk 0.52 in the July-September ( Q1) period of the ongoing fiscal year, which was Tk 0.37 in the same period a year earlier.
Its net asset value (NAV) per share was Tk 17.64 during the period.
The company has recommended 10 per cent cash and 6 per cent stock dividends for shareholders for the fiscal year ended on June 30, 2021.
The annual general meeting (AGM) is scheduled for December 29 for the investors’ approval of the recommended dividend. The record date for the entitlement of the dividend is November 18.
On the Dhaka Stock Exchange, its share declined by 1.34 per cent to Tk 44.20 on Sunday. In the last year, its share price moved between Tk 13.20 to Tk 49.
The market capitalization of the company is Tk 1,603 crore, paid-up capital Tk 358 crore and has Tk 35.78 crore in surplus reserve.
Saif Powertec was listed on the stock exchanges in 2014.
As of September 30, the public makes up 43.14 per cent, sponsors-directors 40.06 per cent, and institute 16.80 per cent of the company’s total shares.
Saif Powertec accounts for 65 per cent of 30 lakh TEUs (Twenty-foot Equivalent Units) of containers handled by the Chattogram port, the country’s largest seaport.
