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Earnings of Lub-rref Limited amd Salvo Chemical Industry have increased in the second quarter of the fiscal year 2021-22.
Lub-rref’s EPS (earnings per share) rose to Tk 0.49 in October-December period, from Tk 0.33 in the same period a year ago while Salvo Chemical’s EPS rose from Tk 0.10 to Tk 0.80, said the companies in news filings with the Dhaka Stock Exchange (DSE) on Thursday.
In its filing, Local lube oil producer Lub-rref said that its EPS was Tk 1.02 for July-December of 2021, against Tk 0.84 in the same period a year ago.
Its net asset value (NAV) per share (without revaluation) was Tk 32.73 as of December 31, 2021 and Tk 32.37 as of June 30, 2021.
Lub-rref shares closed 1.96 percent lower at Tk 40.10 on the Dhaka bourse on Thursday.
On the other hand, Salvo Chemical’s EPS was Tk 1.35 in July-December period, against Tk 0.30 in the previous year’s corresponding period.
Its NAV per share was Tk 14.04 as of December 31, 2021 and Tk 12.69 as of June 30, 2021.
The company also said its sales increased in July-December period due to increased demand and a rate of increase in Sulphuric Acid, Liquid Glucose, By-product- Gluten, Germ, Fiber.
From mid-July, the rate of finished goods per unit (kg) has been increasing day by day due to the high demand for products. Therefore, sales, gross profit, and net profit have all increased during this quarter compared to the same period of the previous year, the company said.
