Shasha Denims is acquiring 80pc stakes in EOS Textile Mills – a 100pc export Oriented Textile Company, shares at a value of US$ 12 million (Tk 1,014 million).
Shasha Denims has already paid Tk 300 million from IPO fund. Rest of the amount will be paid from its cash flow after getting approval from Bangladesh Bank.
The company’s consolidated earnings per share (EPS) stood at Tk 0.43 for October-December 2018 as against Tk 1.18 for October-December 2017.
The company said EPS decreased compared to the same period of previous year due to significant increase in the raw material consumption cost per unit and the financial expense of the company.
In six months for July-December 2018, consolidated EPS was Tk 2.14 as against Tk 2.25 for July-December 2017. The consolidated net operating cash flow per share (NOCFPS) was Tk 1.52 for July-December 2018 as against Tk 0.31 for July-December 2017. The consolidated net asset value (NAV) per share was Tk 47.17 as on December 31, 2018 and Tk 46.44 as on June 30, 2018.
The company disbursed 15pc cash and 7.0 per cent stock dividend in 2018. In 2017, the Shasha Denims disbursed 25pc cash and 6.0 per cent stock dividend.
The company’s paid-up capital is more than Tk 1.27 billion and authorized capital is Tk 2.25 billion, while the total number of securities is 127.92 million.
