SAIF Powertec’s Q3 earnings plunges

The third quarterly (January-March) earnings of SAIF Powertec Limited has plunged by 35.71 percent. 

In a filing with Dhaka Stock Exchange on Thursday, the company said that its consolidated earnings per share (EPS) was Tk 0.09 for January-March 2021 as against Tk 0.14 for the same period of the previous financial year.

Meanwhile, its consolidated net asset value (NAV) per share was Tk 16.11 as of March 31, 2021, and Tk 16.63 as of June 30, 2020.

SAIF Powertec made its debut on the Dhaka Stock Exchange on September 29, 2014. It has been offering its shareholders regular yearly dividends since its inception. 

The company offered 5 percent cash and 5 percent stock dividend for the year 2020. 

During Thursday’s trade, the adjusted opening price for each of its shares was Tk 24.10.