Doreen Power’s profit surges over 42% in 2021-22

Doreen Power Generations and Systems Ltd's profit surged more than 42 per cent in the financial year that ended on June 30 this year.

The company reported consolidated earnings power share of Tk 10.31 in the last financial year from Tk 7.23 a year ago.

Consolidated net asset value per share with revaluation rose to Tk 53.15 in 2021-22 from Tk 43.22 in 2020-21.

Consolidated net operating cash flow per share, however, stood at Tk 32.22 in the negative compared to Tk 5.77 a year ago.

The board of directors recommended a 12 per cent stock dividend for all shareholders and an 18 per cent cash dividend for shareholders excluding the sponsors or directors for the last financial year, said Doreen Power in a filing on the Dhaka Stock Exchange today.

The sponsors or directors hold 10.77 crore shares out of a total of 16.17 crore shares and the amount of cash dividend to be payable to the general shareholders is Tk 9.72 crore.