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Peninsula Q1 profits rise nearly 15%

Staff correspondent
29 Nov 2021 00:00:00 | Update: 29 Nov 2021 01:50:22
Peninsula Q1 profits rise nearly 15%

The Peninsula Chittagong Limited, a luxurious hotel located in the port city, posted a 14.81 per cent rise in the first quarter of this fiscal.

Its earnings per share (EPS) was Tk 0.31 for July-September 2021 as against Tk 0.27 in the same period a year ago, said the company in a filing with the Dhaka Stock Exchange on Sunday.

“Hospitality business was disrupted due to the third wave of pandemic during the quarter but non-operating income increased and the tax rate decreased. So its EPS increased compared to the same period of last year,” said the company.

Its non-operating income increased Tk 2.57 crore during the period compared to the previous period. The current tax rate also reduced to 22.50 per cent from 25 per cent, according to the company.

Net asset value (NAV) per share was Tk 30.59 as of September 30, 2021, and Tk. 30.28 as of June 30, 2021.

The Peninsula Chittagong Limited is situated at the GEC circle of Chattogram city. The company was incorporated in 2002 and started commercial operation in 2006. It was listed in the capital market in 2014. Its share price declined 5.34 per cent to Tk 31.90 on Sunday. Last one year its price moved between Tk17.20 to Tk36.50

The company’s market capitalization is Tk 399 crore as of Sunday and its paid-up capital is Tk 118 crore. It has Tk 142 crore in surplus reserves.