Rangpur Foundry Limited (RFL), one of the sister concerns of PRAN-RFL Group, a local industrial conglomerate, has reported earnings per share dropped by 29% in third quarter (January-March) of the current FY20 compared to same period of the previous year.
The earnings per share (EPS) of RFL, dropped to Tk0.61 as against Tk 0.86 for the same period, as per an official disclosure posted by the company on Dhaka Stock Exchange website on yesterday.
According to un-audited financial statement, RFL’s EPS was Tk2.79 for nine months (July 2019-March 2020) as against Tk3.05 in the same period of previous year.
The net asset value (NAV) per share was Tk 27.41 as on March 31, 2020 and Tk 26.92 as on June 30, 2019.
The company was listed on the DSE in 1999. The share price closed at Tk119.30 on Monday. The company disbursed 23% cash dividend for three years from 2017 to 2019.
The EPS is the company’s profit allocated to each share of a listed firm, indicating a company’s profitability.
However, analysts have said the unaudited EPS of a company often does not reflect actual financial health of a listed firm, but indicates profitability that influences investors towards their long-term investment plans. ♦
