GPH Ispat's profit soars 36%

Listed steel maker GPH Ispat's profit soared in the first half of the current financial year.

The company logged Tk 94.93 crore in profits, posting a 36 per cent year-on-year rise from the same period previous year's Tk 69.64 crore.

Its earnings per share was Tk 2.17 in the latest half year, which was Tk 1.59 previously. However, the steel maker's net operating cash flow per share dropped to Tk 0.86 from Tk 3.64.

In the last one month, stocks of GPH Ispat rose around 17 per cent to Tk 59 until last Thursday at the Dhaka Stock Exchange (DSE).

Its paid-up capital was Tk 436 crore, according to the DSE data.

On December 31 last year, the net asset value per share of GPH Ispat dropped to Tk 27.52, which was Tk 29.86 on June 30 of same year, according to the company's financial reports.