Berger Paints Bangladesh Limited’s earnings per share (EPS) fell by 79% in the first quarter (April-June 2020) of 2020 compared to the same period of previous year.
Senior officials at the multinational company told reporters that the significant fall of earnings had been caused due to lower sales in April and May due to countrywide lockdown.
According to an official disclosure, posted by the companies concerned on Dhaka Stock Exchange (DSE) website on Thursday, the company’s consolidated EPS stood at Tk2.32 for April-June as against Tk11.12 for the same period of last year.
Berger Paints’ consolidated net operating cash flow per share (NOCFPS) was Tk10.34 (negative) for April-June 2020 as against Tk20.03 for the same period of last year.
The consolidated net asset value (NAV) per share was Tk 206.52 as on June 30, 2020.
Berger Paints Bangladesh is the market leader in Bangladesh Paints industry. A recent study of LankaBangla Investment Ltd reveals that above 80% of the country’s paint market is in the hands of foreign brands. They include Berger, Asian, Roxy, Pailac, Aqua, and Elite.
Berger alone holds 52% market share, followed by Asian Paints 18%, Roxy 7%, Elite 7%, Pailac 5%, and Aqua paints 2%, the study elaborates. ♦
