Runner’s Consolidated Earnings per Share Falls to Tk 1.35

Industry: Automobile, Stock Market
Company: Runner Automobiles
Company Intelligence Tag: Business Insights

Runner Automobiles, a listed company in the capital market, has published its unaudited financial report for the third quarter (January-March 2024) of the current accounting year, showing a decline in earnings. The report, approved by the company’s board, revealed that Runner’s consolidated earnings per share (EPS), including subsidiaries, stood at Tk 1.35 during the quarter, down from Tk 1.40 in the same period last year. The decrease in revenue income and an increase in financing costs due to higher loan interest rates were cited as reasons for the drop in earnings. Similarly, Runner’s consolidated EPS for the first three quarters of the accounting year was Tk 3.57, lower than Tk 3.62 a year ago. As of March 31, 2024, the company’s net asset value per share (NAVPS) stood at Tk 59.06.

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