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The Financial Express

ICB EPS plunges 63pc in Q1

| Updated: November 22, 2022 09:06:36


ICB EPS plunges 63pc in Q1

The state-run Investment Corporation of Bangladesh (ICB) saw a steep fall in earnings per share (EPS) for July-September (Q1) 2022, compared to the same quarter of the previous year.

For the Q1 2022, the company reported a consolidated EPS of Tk 0.26 with 63 per cent fall from Tk 0.70 reported for the Q1 2021.

"The EPS decreased…due to a decrease in capital gain and fees and commission," the ICB said in a disclosure.

The company, however, saw an improvement in operating cash flow for the Q1 2022 compared to the same period of the previous year.

The ICB's consolidated net operating cash flow per share (NOCFPS) was Tk (0.76), a negative value, for July-September 2022 as against Tk (8.87), a negative value, for July-September 2021.

"The NOCFPS increased compared to the same period of previous year due to a decrease in repayment of interest payables and deposits," the ICB said in a disclosure.

The consolidated NAV per share was Tk 55.92 as on September 30, 2022 and Tk 55.59 as on June 30, 2022.

The ICB, presently an 'A' category company, was listed with the stock exchange in 1977.

The company's shares presently are being traded at the floor price of Tk 92 each on the premier bourse DSE.

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