Income of Doreen Power Generation Increasing

Mohammad Tarequzzaman

Doreen Power Generation and Systems Limited, which is listed on the stock exchange, has seen a decline in its revenue in the second quarter as compared to the first quarter of this year, but its total revenue has increased in the last three quarters. Dhaka Stock Exchange (DSE) sources said. According to DSE sources, the company’s June closing earnings per share (EPS) for the first quarter of this year was 2.83. The EPS for the second quarter was 2.33. In other words, the income in the second quarter decreased by 0.5 taka compared to the first quarter. Last Wednesday, April 13, the closing price of the company was 72.10 taka. And on Sunday the closing price of the company stood at 71.70 taka. The company’s price has dropped by Tk 0.4 in just one day’s trading.

Meanwhile, Sunday, April 17, the company released its third quarter financial report. In the last three quarters (July 21-March 22) Doreen Power’s total earnings per share (EPS) has been 8.24. At the same time last year, the company’s EPS was 5.38. In this case, EPS has increased by Tk 2.86. The company’s EPS for the third quarter (January 22-March 22) was 3.38. At the same time last year, the company’s EPS was tk 1.53. In this case also the earnings per share of the company has increased by 1.85. Doreen Power’s revenue has increased as the three subsidiaries DNPGL, DSPGL and CPGL have increased their revenue and profits.

The authorized capital of Doreen Power Generation is taka 200 crore and the paid up capital is taka 161 crore. The total number of shares of the company is 16 crore 17 lakh 13 thousand 305. Sponsor directors hold 66.61 percent, general investors hold 14.22 per cent and institutional investors hold 19.17 per cent. The company has a market capitalization of Tk 1,165 crore.