Walton’s Q1 earnings decline 12%

Walton Hi-Tech Industries Ltd’s earnings have gone down by 12 percent in the last quarter.

In a statement posted on Dhaka Stock Exchange (DSE) on Thursday, the company reported earnings per share (EPS) of Tk 13.26 for July-September as against Tk 15.07 for the same time a year ago. 

Walton is the second largest company in Bangladesh after GrameenPhone in terms of market capitalization. 

The company made its debut trading on DSE on September 23 and in just nine days of trading, its share price rose three times to Tk940 a share on October 6.

As of now, the last traded price of Walton’s share stands at Tk 837.2, up by Tk58.4 from yesterday’s closing price. 

In its statement on DSE, Walton also reported net operating cash flow per share (NOCFPS) of Tk 42.31 for July-September 2020 as against Tk 7.57 for the same period of last year. 

Net asset value (NAV) per share with revaluation was reported Tk 278.48 as on September 30 and Tk. 261.92 as on June 30, 2020. NAV per share without revaluation was Tk 174.98 as on September 30 and Tk 158.39 as on June 30, 2020.