Walton counts profit rise by 5pc in 9 months

Walton Hi-Tech Industries Ltd’s earnings per share (EPS) rose by 5 per cent in the first nine months of the last fiscal year (July 19-March 20) after the initial public offering (IPO) process kicked off.

Sources from the Dhaka Stock Exchange (DSE) confirmed the information to The Business Post.

The company's earnings per share (EPS) for the nine months was 25.53 taka. At the same time last year, the EPS was 24.22 taka. In other words, the company's profit has increased by 1.31 taka or 5.40 per cent.

However, in the third quarter of that financial year (January 2020-March 2020), the earnings per share (EPS) was 5.17 taka. At the same time last year, the EPS was 11.14 taka, which meant the company's profit decreased by 5.97 taka or 53.59 per cent.

On June 30, 2020, the company's net asset value per share (NAVPS) stood at 166.38 taka.

The price limit of the company will remain open 50% on issue price on September 23, 24. The price limit will remain open 50% on the closing price of debut trading. As per a Bangladesh Securities and Exchange Commission (BSEC) order issued on March 19, 2020, the face value of each share shall be considered as the floor price.

The BSEC asked the stockbrokers, merchant bankers and portfolio managers to abstain from providing loan facilities to purchase securities of Walton Hi-Tech Industries Ltd in between 1st to 30th trading day starting from today (Wednesday 23).

sr/sik/teb