Unique Hotel and Resorts Ltd, the owner of The Westin Dhaka, has reported an impressive 92% year-on-year growth in its earnings per share (EPS) for the fiscal year 2022-23. The EPS for FY23 stood at Tk6.42, with significant contributions from various sources. Tk3.83 came from capital gains on selling ordinary shares of Unique Meghnaghat Power Limited, Tk2.06 from business operations, and Tk0.53 from an unrealized gain on investments in Chartered Life Insurance Company.
This exceptional performance was largely attributed to the income generated from selling 2.45% of its subsidiary Unique Meghnaghat’s shares for Tk112.87 crore to Qatar-based investment company Nebras Power Investment Management BV. As a result of the strong financial performance, Unique Hotel recommended a 20% cash dividend for its shareholders, an increase from the 15% recommended in the previous fiscal year. The company also reported a 55% increase in revenue for FY23 compared to the previous year.
The upcoming online annual general meeting (AGM) on 12 December will be a key event for shareholders, and the record date for dividend approval has been set for 23 October. The significant earnings growth and dividend increase reflect the company’s successful financial year.
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