BBS posts over 97pc decline in profit in Oct-Dec

27 January 2023

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Business Report :
Bangladesh Building Systems Ltd (BBS) reported more than 97 per cent decline in profit in the second quarter of the current financial year, owing to a fall in non-operating incomes.
The manufacturer of pre-engineered steel buildings reported earnings per share (EPS) of Tk 0.02 for October-December in 2022-23 against Tk 0.93 in the same quarter of 2021-22.
The EPS was Tk 0.04 in July-December of the financial year, down more than 95 per cent from Tk 0.96 in the first half of 2021-22.
The EPS decreased due to a fall in non-operating incomes, said BBS in a filing on the Dhaka Stock Exchange on Thursday.
The net operating cash flow per share (NOCFPS) was Tk 0.55 in July-December of FY23 against Tk 0.56 in the same half of FY22. NOCFPS decreased due to an increase in payments to creditors, said the filing.
The net asset value per share was Tk 17.40 on December 31, 2022 and Tk 15.70 on June 30, 2022.