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UPGDCL holds Q2 financial performance review session

Published : Thursday, 15 February, 2018 at 12:00 AM Count : 225
Business Desk

The "Half-yearly (Q2) Financial Performance Review Session" of United Power Generation and Distribution Co. Ltd. (UPGDCL) for the financial year 2017-18,  held at United Group's corporate office recently, says press release.
UPGDCL Chairman General Md. Abdul Mubeen (Retd.)ndc, Managing Director Moinuddin Hasan  Rashid and Chief Financial Officer Md. Ebadat Hossain Bhuiyan, FCA, were also present in the Session.
Chief Financial Officer disclosed that its Net profit increased by 5.00pc and EPS increased by 5.30pc (from Tk. 5.28 to Tk. 5.53) during July 2017 to December 2017 compared to the corresponding period in the previous year. He also mentioned that, its Net profit increased by 5.56pc and EPS increased by 5.55pc (from 2.70 Taka to 2.85 Taka) during second quarter (October 2017 to December 2017) compared to the corresponding quarter in 2016-17.
Other financial highlights were shared and important discussions took place between the representatives of esteemed investors and distinguished guests from various intermediaries (e.g. Merchant Banks, Brokers and Asset Management Companies) and UPGDCL's management regarding the Company's overall growth and future prospect. In response to the question regarding how earnings of shareholders can be increased, UPGDCL's management expressed their positive and clear directives. The session ended with a question and answer session followed by a vote of thank by Chairman of the Company.
Executives of well reputed investment institutions of Bangladesh were also present at this session.

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