Senior officials at the company told Dhaka tribune that the significant fall of earnings had been caused due to Covid-19 pandemic
Uttara Bank Limited’s earnings per share (EPS) fell by 78% in the second quarter (April-June) of FY20 compared to the same period of previous year.
According to an official disclosure posted on the Dhaka Stock Exchange (DSE) website on Thursday, the bank’s consolidated EPS was Tk0.28 for April-June of 2020 as against Tk1.29 for the same period in 2019. As a result, the company’s earnings fell by 78% in the second quarter.
Senior officials at the company told Dhaka tribune that the significant fall of earnings had been caused due to Covid-19 pandemic.
On the other hand, in the first six months, its EPS was Tk1.62 as against Tk2.03 for the same period of last year, declining the EPS by 20% in six months.
Its consolidated net asset value (NAV) per share was Tk32.27 on June 30, 2020.
Uttara Bank was listed on the Dhaka Stock Exchange in 1984. The banking sector company belongs to the “A” category.
The company’s paid-up capital is Tk501 crore. A share of the company closed at Tk27.70 yesterday. Uttara Bank operates through 239 fully on-line branches across the country.