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National Polymer admits wrong EPS calculations for 3 quarters

by BIZDATA INSIGHTS
September 8, 2021
in Housing & Building Materials
0
National Polymer admits wrong EPS calculations for 3 quarters

National Polymer Industries Limited, the plastic pipe and furniture manufacturer, has admitted to having made a mistake in calculating the earnings per share (EPS), 3 months into its financial disclosure for 3 quarters of FY21.

The manufacturer on September 7 disclosed the EPS with a correction, which is now lower than the earlier disclosures.

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The company via a post on the Dhaka Stock Exchange (DSE) website stated that the EPS disclosed on May 11, 2021, was incorrect and now it is revised to Tk 0.91 in January-March and Tk 1.77 in July-March of FY21.

In the previous disclosure, the manufacturer mentioned its EPS as Tk 1.37 in the third quarter and Tk 2.68 in the first 3 quarters. After that, the share prices of the company increased by 27 per cent to Tk 70.

With the amended disclosure, the company’s share was traded at Tk 68.1 with a 2.16 per cent fall at the DSE on September 7.

Source:

THE BUSINESS STANDARD

BIZDATA INSIGHTS
Author: BIZDATA INSIGHTS

Tags: Business InsightCalculationsEPSHousing and BuildingIndustry InsightNational Polymer
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