• Thursday, Oct 21, 2021
  • Last Update : 11:11 am

Union Capital’s Q2 earnings still negative

  • Published at 07:43 pm September 1st, 2021
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The company did not offer any sort of dividends to its shareholders in the last three years

Even with a 79.53% increase, the Q2 (April-June) earnings of Union Capital Limited still remained negative. 

In a filing with Dhaka Stock Exchange on Wednesday, the company said that its consolidated earnings per share (EPS) was Tk0.26 in the negative for the Q2 of 2021 as against Tk1.27 in the negative for the same period of 2020.

Meanwhile, its consolidated net asset value (NAV) per share was Tk3.28 as of June 30, 2021, and Tk4.12 as of December 31, 2020. 

The company also said that its EPS increased due to a decrease in interest expense on deposits and borrowings, salaries expenses and other employee benefits and an increase in investment income and other operating income. 

Union Capital last offered a 5% stock dividend back in 2018. The company did not offer any sorts of dividends to its shareholders in the last three years. 

During Wednesday’s trade, the closing price for each of its shares was Tk12.9.

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