Golden Son’s Q1 earnings on the rise, but still in negative

The consolidated earnings per share (EPS) of Golden Son Ltd have increased by 45 percent, but still remain in the negative.

In its statement on Dhaka Stock Exchange, the company reported an EPS of negative Tk0.13 for Q1 (July-September) of 2020 as against Tk0.24 for the same period of last year. 

Consolidated net operating cash flow per share (NOCFPS) was Tk0.31 for Q1 of 2020 as against Tk0.35 in the negative for the same period of last year. 

Meanwhile, the consolidated net asset value (NAV) per share was Tk19.91 as on September 30 and Tk20.03 as on June 30, 2020.

Earlier on November 26, the company said that the decline in turnover and rise in expenses have pushed its earnings down. 

The company offered only a 2.5 percent dividend and that is excluding sponsors and directors.

The Golden Son Ltd did not offer any dividend last year. According to the Dhaka Stock Exchange (DSE), the last time the company offered a dividend was in fiscal year (FY) 2015-16 – it offered a 5 percent dividend then.