Bumper profits of big companies during the Covid period
The whole world is devastated by the impact of the global epidemic. The pace of trade and economy has slowed down. It has affected Bangladesh very well. At present, the business activities are reviving after overcoming that situation. However, several large companies listed in the country’s capital market have been able to make significant profits even before Kavid. The companies are also announcing attractive dividends for investors due to good profits.
MJL Bangladesh, BD Lamps, Beximco Limited, Beximco Pharmaceuticals, Square Pharmaceuticals, Square Textiles, Renata, BSRM Limited, BSRM Limited and BSRM High are among the listed companies. Has been able to make a profit. Investors in companies have also received attractive dividends.
MJL Bangladesh, a listed energy company, has raised its earnings per share (EPS) for the financial year 2020-21 to Tk 6.53. The company’s board of directors has recommended a 55 percent cash dividend for investors in this fiscal year. The company had earned Tk 5.52 per share in the previous year.
Engineering company Bangladesh Lamps (BD Lassus) has an EPS of Tk 5 10 paise in the last fiscal year 2020-21. The company had incurred a loss of Tk 9.8 per share in the previous financial year. The board of BD Lamps has recommended a cash dividend of 20 per cent for investors in the latest financial year.
Beximco Limited’s EPS for the last year ended 2020-21 was Tk 8 53 paise. Last year it was 51 paise. The company’s board has recommended a 35 percent cash dividend to shareholders for the fiscal year ending June 30, 2021.
Beximco Pharmaceuticals, a pharmaceutical company, has consolidated EPS of Tk 11.49 crore for the fiscal year 2020-21. In the previous year it was 6 rupees 7 paise. The board of Beximco Pharmaceuticals Limited has recommended a 35 percent cash dividend for investors in the 2021 financial year.
In the 2019-20 financial year, the consolidated EPS of Square Pharmaceuticals was 15 rupees 7 paise. From there, it has risen to Tk 18.99 in the last financial year. The company’s board has recommended that investors pay a 60 percent cash dividend for the 2020-21 fiscal year.
The consolidated EPS of the textile company Square Textiles for the financial year 2020-21 has been 3 rupees 41 paise. Last year it was 26 paise. The board of Square Textiles has recommended a 20 per cent cash dividend for investors in the latest financial year.
If you want to know about the head of the finance and accounting department of Square Group. Kabir Reza told Banik Barta that although the pharmaceuticals business did not grow significantly from exports, there was good business in the local market. Moreover, the reduction of corporate tax at the rate of two and a half percent has had a positive impact on the company’s profits. On the other hand, the business of textile has increased due to better price of yarn as compared to raw material. Besides, the company has also got the benefit of increasing production capacity.
In the financial year 2020-21, the consolidated EPS of Renata, a pharmaceutical company, was 51.94 paise, as against 41.18 paise in the previous financial year. The company’s board has declared a 155 percent dividend for investors in the current fiscal. Of this, 145 per cent is cash and 10 per cent is stock dividend.
Steel company BSRM Limited’s consolidated EPS for the fiscal year 2020-21 stood at Tk 18.98, up from Tk 3.90 last year. The company’s board has announced a 40 per cent final cash dividend for investors in the 2020-21 financial year. Earlier, the company paid 10 per cent interim cash dividend to investors.
BSRM Steels, another company listed in the BSRM Group, has an EPS of Tk 8.10 in the 2020-21 financial year. The company had earned Tk 1.98 per share in the previous year. In 2021, the company’s board has recommended a 30 percent final cash dividend for investors. Earlier, the company paid 10 percent interim cash dividend to investors.
When asked, Shekhar Ranjan Kar, head of finance and accounting at BSRM Group, told Banik Barta that the company has made a good profit from its business mainly due to the increase in sales and the rise in rod prices. In contrast, financial spending has declined at a significant rate. At the end of the year, the company’s profit has increased well. The construction sector came to a standstill last year due to Kavid. The pace of construction has increased a lot this year as the situation in Corona has improved. Demand for this specialty has grown significantly as a result of recent corporate scandals. All in all, for all these reasons, it has been possible to do the best business in a few years.
Summit Power, a power company, has a consolidated EPS of Tk 5.25 in the 2020-21 financial year. In the previous year, EPS was 5 rupees 18 paise. The company’s board has recommended a 35 percent cash dividend for investors in the latest fiscal year.
The board of Apex Footwear, a leather company, has recommended a 45 per cent dividend for investors in the 2020-21 financial year. Of this, 40 percent is cash and 5 percent is stock. The company’s consolidated EPS for the year under review was Tk 9,38 paise. In the previous year, the amount was 5 rupees 72 paise.
Abdul Monem Bhuiyan, Deputy Managing Director (DMD) of Apex Footwear, told Banik Barta that exports of goods have increased. Demand for this specialty has grown significantly as a result of recent corporate scandals. Besides, sales in the local market have also increased. However, due to rising shipping costs, exports are being challenged commercially.
Engineering company Walton Hi-Tech Industries has an EPS of Rs 54.21 crore for the 2020-21 financial year. Where the previous year’s EPS was 24 rupees 21 paise. The board of Walton Hitech has recommended a cash dividend of 250 per cent for general investors and 160 per cent for entrepreneurial managers in the current financial year.