Eastern Housing clocks Tk 55cr profit in FY22

Eastern Housing Limited clocked Tk 54.91 crore net profit in the financial year of 2021-2022.

The company's earnings per share stood at 5.88 and the net asset value per share was Tk 74.71, a press release said.

The shareholders approved the accounts for the year that ended on June 30 and the directors' and auditors' reports at the 58th annual general meeting yesterday.

The shareholders approved a 20 per cent cash dividend, meaning Tk 2 per share of Tk 10 each for the year.

The company achieved net sales of Tk 331 crore as against Tk 264 crore in the previous year, registering a sales growth of 25 per cent.

Abu Luthfe Fazle Rahim Khan, a director, virtually presided over the meeting, where Suraiya Islam, Abdur Rahim Choudhury, Md Abdul Wadud and Mostafizur Rahman, directors, Md Rafiqul Islam and Kashem Humayun, independent directors, Dhiraj Malakar, managing director, Salim Ahmed, company secretary, and Md Asadul Islam, chief financial officer, were present.