SS Steel Q3 earnings drop by 8%

SS Steel Limited has posted an 8.69 per cent drop in its earnings for the third quarter (January-March) of the year 2021-2022.

Its earnings per share (EPS) stood at Tk 0.63 in the January-March period, down from Tk 0.69 recorded in the same period a year ago, the company said in a filing with the Dhaka Stock Exchange (DSE) on Wednesday.

EPS for the nine months for July-March 2022 quarter also dropped 6 per cent to Tk 2, down from Tk 2.13 for the same quarter of the previous year.

Its net operating cash flow per share turned negative, which was Tk 0.37 in the first nine months of the current fiscal year. It was positive, at Tk 1.32 in the Q3 of the previous year.

The Consolidated net asset value (NAV) of the company per share (with revaluation) was Tk 23.71 as of March 31, 2022, and Tk 23.58 as of June 30, 2021.

The share price of the SS Steel Limited rose by 0.58 per cent to Tk 17.30 on the DSE in the first hour into the trade on Wednesday.

The price moved between Tk 16.80 and Tk 28.60 throughout the last year.