Paper Processing’s Q1 earnings soar

Paper Processing and Packaging has posted a 3,850-percent increase in its earnings in the first quarter ended on September 30, 2021 as against the same quarter last year when business and economic activities were subdued due the coronavirus pandemic.

Its earnings per share (EPS) stood at Tk 0.79 in the Q1, up from Tk 0.02 recorded in the same period a year earlier, said the company in a filing with the Dhaka Stock Exchange on Sunday. Yet, the company's share price - Tk 154 to Tk 159 on Sunday - is much higher than its EPS.

As of September 30, 2021, the company’s net asset value (NAV) per share stood at Tk 28.76 against Tk 27.97 as on June 30, 2021.