Salvo Chemical earnings see big jump in Q3

Salvo Chemical Limited has posted an 850 per cent rise in its earnings for the third quarter (January-March) of the year 2021-2022, thanks to higher sales.

Its earnings per share (EPS) rose to Tk 1.14 in the January-March period from Tk 0.12 recorded in the same period a year ago, the company said in a filing with the Dhaka Stock Exchange (DSE) on Tuesday.

Its net operating cash flow per share was Tk 3.46 from July 2021-March 2022. It was Tk 0.63 during the same period of the previous fiscal year.

The net asset value (NAV) of the company per share was Tk 14.99 as of March 31 this year, and Tk 12.69 as of June 30 last year.

During the third quarter, the company said, total sales have increased due to the huge demand and high price rate in the local market.

Salvo Chemical's share price rose 0.32 per cent to Tk 63 on the DSE, in the first two hours into the trade ON Tuesday.

The price moved between Tk 12.80 and Tk 65.80 throughout the last year.