September 21, 2020, 5:13 am


Siyam Hoque

Published:
2020-06-07 10:27:41 BdST

ACME Lab’s net profit drops slightly in nine months


ACME Laboratories Ltd’s net profit after tax fell slightly by 1.74 per cent year-on-year in the nine months for July, 2019 to March, 2020.

The board of directors of the company in a virtual meeting held on Saturday approved the third quarter (Q3) un-audited financial statements of the company for the period that ended on March 31, 2020.

The board has disclosed the nine months earnings per share, net asset value per share and net operating cash flow per share.

The country’s oldest drug maker’s net profit stood at Tk 354.47 million in three months for January-March, 2020 which was Tk 368.55 million in the same quarter in the previous year, as per the official disclosure.

In nine months, the company’s net profit stood at Tk 1.13 billion for the period of July, 2019 to March 31, 2020 which was Tk 1.15 billion in the same period last year.

The company’s earnings per share (EPS) stood at Tk 1.68 for January-March 2020 as against Tk 1.74 for January-March 2019.

In nine months, the company’s EPS was Tk 5.34 for July 01, 2019 to March 31, 2020 as against Tk 5.43 for July 1, 2018 to March 31, 2019.

Its net operating cash flow per share was Tk 3.97 for July 01, 2019 to March 31, 2020 as against Tk 5.15 for the same period in the previous year.

The net asset value per share was Tk 88.48 as on March 31, 2020.

Each share of the company, which was listed on the Dhaka Stock Exchange in 2016, closed at Tk 58 on Thursday last.

Its share traded between Tk 54.20 and Tk 78 in the last one year.

The board of directors of the company disbursed 35 per cent cash dividend for the year ended on June 30, 2019. The company also paid 35 per cent cash dividend each for the 2016, 2017 and 2018.

The company’s paid-up capital is Tk 2.11 billion and authorised capital is Tk 5.0 billion, while the total number of securities is 211.60 million.

The sponsor-directors own 32.14 per cent stake in company, while the institutional investors own 31.51 per cent, foreign investors 0.17 per cent and the general public 36.18 per cent as on February 29, 2020, the DSE data showed.

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