Business Desk :
State-run ocean-going vessel management company Bangladesh Shipping Corporation (BSC) witnessed a 268 per cent rise in earnings per share (EPS) in the second quarter (Oct-Dec’21) of the current fiscal year.
The company’s EPS stood at Tk 3.94 in the October-December period, which was Tk 1.08 in the same period a year ago.
For July-December 2021, BSC’s EPS stood at Tk 8.28, which was Tk 1.66 in the same period a year ago, according to the company’s board meeting on Wednesday.
During the same period, BSC’s net asset value per share (NAV) rose to Tk 68.56 as of December 31. 2021.
On the Dhaka Stock Exchange (DSE), BSC’s share price rose by 190 per cent in just two months.
On Wednesday, its share price rose to Tk 143.4, a stellar rise from Tk 49.4 recorded on December 23 last year.
“Currently, the BSC repairs vessels in a more timely manner and does not require the employment of foreign companies as much, thanks to the up-gradation of its marine workshop. As a result, the company’s repair costs were reduced and service revenue increased,” EBL Securities said in a note.
The BSC has been planning to procure two 80,000-ton mother bulk carriers for transporting coal. For lighterage from the mother vessels, two more bulk carriers will also be bought, with a capacity ranging from 10,000-15,000 ton.
