Walton’s net profit fell 12%
Walton issued each of its primary shares to the public at Tk252 in its widely discussed initial public offering (IPO) this year
Country's home electronics giant Walton Hi-Tech Industries net profit fell by 12% in the first quarter of the current financial year.
The figure is obtained from an un-audited financial statement released on Wednesday evening.
The company posted net profit of Tk402 crore and earnings per share of Tk13.26, which was Tk457 crore and Tk15.07 respectively in the previous year at the same time.
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Walton issued each of its primary shares to the public at Tk252 in its widely discussed initial public offering (IPO) this year.
Walton collected Tk100 crore from the market to expand its business and repay some bank loans.
The company recommends a 200% cash dividend for general shareholders and 75% cash dividend for sponsors and directors for the last financial year.
Its share price exceeded Tk1,000 within ten days after listing with the Dhaka Stock Exchange (DSE); closing price of the company's each share was Tk778.80 on Wednesday at DSE.
