SS Steel, Fu wang Food H1 earnings fall

SS Steel Limited and Fu Wang Food reported a fall in their earnings in the first half (H1) of the last fiscal year.

The steelmaker has registered a 4.86 per cent fall to Tk 1.37 for the July-December period of FY21 from Tk 1.44 in the same period a year ago, according to the company’s half-yearly unaudited financial statement filed with the Dhaka Stock Exchange (DSE) on Sunday.

However, the company’s net operating cash flow rose Tk 0.79 from negative Tk 1.17 during the period.

On Sunday, SS Steel share declined 4.08 per cent to Tk 18.80 on the prime bourse.

The company distributed 2 per cent cash dividend to the shareholders for the financial year ended on June 30, 2020.

Fu Wang Food Ltd saw a drop of 47.05 per cent in its EPS for the first half of FY21.

Its EPS was Tk 0.09 for the July-December period of FY21 from Tk 0.17 in the same period a year ago, said the company in a filing with the DSE.

On the day, its share price fell 5.45 per cent to Tk 19.10 on the DSE.