Q3 earnings of Fine Foods rises, but still negative

Fine Foods Limited’s third quarterly (January-March) earnings rose by 89.71 percent. But it is still in the negative territory.  

In a filing with Dhaka Stock Exchange on Wednesday, the company said that its earnings per share (EPS) was Tk 0.018 in the negative for January-March 2021 as against Tk 0.601 for the same period of the previous financial year. 

Meanwhile, the net asset value (NAV) per share was Tk 10.550 as of March 31, 2021, and Tk. 12.083 as of March 31, 2020. 

In the filing, the company also said that the company's business came to a standstill due to the Covid-19 pandemic. 

In the year 2020, the company offered only 1 percent cash dividend to its shareholders. The adjusted opening price of each of its shares was Tk 45.6 during Wednesday’s session.