Eastern Housing clocks Tk 44.89 crore profit in July-March
21 April 2023
Business Report :
Eastern Housing Limited's profit rose nearly 30 per cent to Tk 15.68 crore in the third quarter of the ongoing financial year of 2022-23.
This compared to the Tk 12.13 crore profit the housing company clocked in the January-March quarter of 2021-22.
The company reported earnings per share of Tk 1.68 for January-March of FY23 against Tk 1.30 in the same quarter a year ago, according to the unaudited financial statements. The EPS increased due to a spike in overall profitability, said Eastern Housing in a posting on the Dhaka Stock Exchange.
The profit increased to Tk 44.89 crore in July-March of FY23 from Tk 36.68 crore in the same period of FY22, up 22.4 per cent year-on-year. Thus, the EPS rose to Tk 4.81 from Tk 3.93.
Eastern Housing's net operating cash flow per share decreased to Tk 19.02 in July-March of FY23 from Tk 21.60 in the same period of FY22.
The net asset value per share was Tk 77.52 on March 31 this year and Tk 74.71 on June 30 last year. Shares of the real estate company declined 2.87 per cent to Tk 111.80 on the premier bourse of the country yesterday.
