EHL reports record earning in the 2021–22 fiscal year despite the recent increases in real estate prices, according to the realtor’s most recent price-sensitive information.
In the fiscal year that concluded on June 30, 2022, the company’s net profit after taxes increased 47.6% to Tk54.9 crore. EHL’s annual earnings per share (EPS) increased from Tk3.98 to Tk5.88.
On Thursday, the EHL board of directors suggested a 20% cash dividend for FY22.
As of June 30 this year, the company had a Tk 74.21 net asset value per share.
For EHL shares price at the Dhaka Stock Exchange concluded on Thursday at Tk79.6, which has a face value of Tk 10.
EHL Share Holding
Sales for the company from July through March of FY22 totalled Tk254 crore, up Tk145 crore from the same time last year.
The previous fiscal year, an over Tk100 crore EHL project in the Gulshan neighbourhood of the city was rapidly sold to a single buyer, in contrast to how long it often takes to sell an apartment complex of this scale.
In addition to the fact that the project’s construction costs were far lower than its selling price, the corporation also saw a sizable increase in the project’s land value.
The program alone assisted in increasing the flat sales percentage of EHL’s income from 29% to 49% in the first nine months of FY22.
After the difficult fiscal years 2019–20 and 2020–21, customer collection improved in the fiscal year 2021–2022, which supported the company’s business improvement, according to the official who cannot speak to the media.
The company’s inventories at the end of March included undeveloped land worth Tk286 crore, work in progress at Tk610 crore, ready-for-sale inventory around Tk440 crore, and building supplies worth Tk10 crore.