Dhaka, Bangladesh (BBN)-United Power Generation and Distribution Company Limited dominated the week’s turnover chart on Dhaka Stock Exchange (DSE) last week that ended on Thursday.
Some 3.68 million United Power shares were traded, generating a turnover of BDT 606 million during the week, which was 3.71 per cent of the premier bourse week’s total turnover value.
The power generation company’s share closed at BDT 167 on Thursday, registering an increase of 1.09 per cent over the previous week.
Recently, the board of directors of United Power has recommended 80 percent cash dividend out of the provisional net profit of the company up to December 31.
The company has decided to extend its financial year for 18 months ending on 30th June 2016 to comply with the Finance Act 2015.
Accordingly, the AGM of 2016 will be held after completing the 18 months, after June 2016.
The record date is on May 25, said the company in a statement.
The company has also reported earnings per share (EPS) of BDT 10.42, net asset value (NAV) per share of BDT 37.55 and net operating cash flow per share (NOCFPS) of BDT 9.44 for the period ended on December 31, 2015 as against BDT 7.55 (restated), BDT 29.04 (restated) and BDT 7.79 (restated) respectively for the period ended on December 31, 2014.
The company also disclosed un-audited first quarter (Q1) financial report on April 28.
As per the Q1 report, EPS for January-March, 2016 was BDT 3.02 as against BDT 2.17 for the same period last year.
United Power was listed on the Dhaka bourse in April, 2015 under book building method.
The fuel and power sector company belongs to the “A” category.
United Power was, followed by Doreen Power Generations and Systems, with shares worth BDT 514 million shares changing hands, followed by Lafarge Surma Cement BDT 508 million, Bangladesh Steel Re-rolling Mills BDT 474 million, MJL Bangladesh BDT 460 million and Linde Bangladesh BDT 455 million.
Bangladesh Building Systems was also included in the top ten turnover list with shares worth BDT 345 million changing hands, followed by Shahjibazar Power Company BDT 336 million, Square Pharmaceuticals BDT 334 million and BSRM Steels BDT 303 million.