Home ›› 19 Apr 2022 ›› Stock
Doreen Power Generations and Systems Limited have posted a 120 per cent rise in its earnings for the third quarter in fiscal 2021-22.
Its earnings per share (EPS) rose to Tk 3.38 in January- March period, up from Tk 1.53 recorded in the same period a year ago, the company said in a filing with the Dhaka Stock Exchange (DSE) on Monday.
“The EPS has increased significantly due to significant rise in revenue and net profit of two subsidiaries,” it said.
Doreen Power’s the net operating cash flow per share (NOCFPS) has entered negative territory because of significant increase in closing inventory and receivable of three subsidiary companies as of March 31, 2022, it said.
It’s NOCFPS of turned negative in the third quarter of the current fiscal year, which was Tk 11.12 in the previous year.
Its net asset value (NAV) per share was Tk 51.08 as of March 31, 2022 and Tk 43.22 as of June 30, 2021.
Following the disclosure, its share price gained 0.98 per cent to Tk 72.40 on the bourse. As of Monday, its market capitalisation stood at Tk 1,159 crore. Its paid up capital was Tk 161 crore and surplus reserve Tk 501 crore.
Doreen Power got listed with the capital market in 2016.
