Home ›› 14 Nov 2022 ›› Stock
Paper and Printing sector companies witnessed a more than expected jump in earnings in the fiscal year 2021-22, as four out of the six publicly traded companies in this sector posted year-on-year rise in profit in the fiscal.
The remaining two firms had incurred slightly losses in the last fiscal year.
Out of the six sectoral companies listed on the Dhaka Stock Exchange (DSE), at least five declared dividends to their shareholders for the year ended in June 2022.
The demand for papers and paper-related products rebounded after the pandemic had loosened its grip last year, helping the paper companies post excellent earnings growth, say industry analysts.
Bangladesh Monospool Paper Manufacturing Co Limited posted the highest gain with a staggering 343 per cent year-on-year jump in its earnings per share (EPS) in FY22.
The company’s earnings per share stood at Tk 5.45 for FY22 against an EPS of Tk 1.23 for FY21.
The board of directors of the company recommended 10 per cent cash and 10 per cent stock dividend to its shareholders for the year ended in June this year.
Bangladesh Monospool Paper Manufacturing Company Secretary Mustafizur Rahman told Business Post the demand for papers and paper-related products hovered after the ease of the pandemic, helping the sectoral companies register earnings growth.
Its earnings, however, surged on the back of work orders from the government for textbooks, he added.
Before the Covid-19 pandemic, the company’s earnings per share stayed at TK 22.14 in F19. But due to the pandemic backlash, its earnings per share fell to TK 5.56 in FY20.
The earnings of Paper Processing & Packaging Limited also jumped significantly in the last fiscal.
Its earnings per share (EPS) surged by 244 percent to Tk 4.62 for FY22 versus Tk 1.34 for the previous fiscal.
The company’s board declared a total 15 percent dividend for the year ended in June this year with 8 per cent cash and 7 per cent stock.
Sonali Paper & Board Mills Ltd and Bashundhara Paper Mills Limited also posted staggering growth in earnings in the last fiscal year.
On the other hand, Hakkani Pulp & Paper Mills Limited suffered the most with a 201 per cent year-on-year loss in earnings in the fiscal year 2021-22.
The company’s per-share loss stood at Tk 1.3 at the end of FY22 against a per share loss of Tk 1.28 at the end of June 2021.
Despite the loss, the board of directors of the company announced a 1 per cent cash dividend for FY22.
Apart from the dividend announcement, the company also revealed its first quarterly (July-September) report for fiscal 2022-23 recently.
Its per-share loss stood at Tk 0.45 in Q3 this fiscal against a per-share loss of Tk 0.49 in the same period last fiscal.
Khulna Printing & Packaging Limited also suffered in the last fiscal with a 49 per cent loss in earnings in the fiscal year 2021-22.
The company’s per-share loss stood at Tk 3.1 at the end of June 2022, against a per-share loss of Tk 6.12 at the end of June 2021.
The company declared no dividend for FY22.
