Berger Paints profits up 14pc - Share market analysis of dhaka stock exchange, Bangladesh
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19 March, 2014 09:51 AM Source: The Daily Star Bangladesh
Berger Paints.jpg

Berger Paints' net profits rose 14 percent year-on-year to Tk 86.09 crore in 2013, the company said in a posting on the Dhaka Stock Exchange website yesterday.
Riding on the back of increased profits, Berger Paints announced higher dividends this year than last year.
But higher profits and dividends fell short of investors' expectations and the company's share prices declined 2.15 percent on the Dhaka bourse. Each Berger Paints share traded between Tk 925 and Tk 1,020, before closing at Tk 987.8 on the DSE yesterday.
The company that got listed in 2006 recommended a 220 percent cash dividend for 2013; it had disbursed 180 percent stock dividends in 2012.
At the end of 2013, the company's earnings per share stood at Tk 37.13 with a net asset value per share of Tk 119.03, rising from Tk 32.46 and Tk 100.20 a year ago.
Five other listed firms also disclosed their annual earnings and announced dividends for 2013.
Dhaka Bank announced 17 percent cash and 5 percent stock dividends and its share price rose 6.6 percent to Tk 22.50.
IPDC's net profits rose 10 percent year-on-year to Tk 14.19 crore for 2013; it declared 5 percent cash and 10 percent stock dividends for the year. Each IPDC share traded between Tk 20 and Tk 24.8, before closing at Tk 20.3, registering a 13.66 percent rise.
First Lease Finance and Investment announced 10 percent stock dividends, while its net profit stood at Tk 13.31 crore in 2013, falling from Tk 17.67 crore a year ago. With the decline in profits, the company's share price fell 7.2 percent to Tk 24.7 on the DSE.
The company plans to change its name from First Lease Finance and Investment Limited to First Finance Limited.
Summit Alliance Port declared 15 percent cash dividends for 2013 and its share price declined 6.05 percent to Tk 26.2.
Republic Insurance announced 12.5 percent stock dividends for last year. Its net profits rose to Tk 6.12 crore at the end of 2013, from Tk 4.74 crore a year ago. Share prices fell by 2.97 percent to Tk 42.50 on the DSE.
The insurance firm also decided to issue one rights share for an existing share at an offer price of Tk 15, including Tk 5 in premium.

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