Summit Power Ltd's earnings rose 5.55 per cent in the second quarter of the fiscal year while it fell marginally for Summit Alliance Port Ltd.

According to the un-audited financial reports, consolidated earnings per share (EPS) were Tk 1.52 in October-December against Tk 1.44 in the same period a year ago.

Consolidated EPS, however, fell 1.06 per cent in the July-December period: it was Tk 2.81 in the first half of the fiscal year in comparison to Tk 2.84 in the same period a year ago, Summit Power said in a posting on the website of the Dhaka Stock Exchange (DSE) yesterday. 

Consolidated NOCFPS (net operating cash flow per share) was Tk 4.10 in July-December against Tk 5.24 during the same period last year.

Consolidated net asset value (NAV) stood at Tk 32.41 per share on December 31 last year compared to Tk 31.50 on June 30.

Summit Power is a subsidiary of Singapore-based holding company Summit Power International. It owns and operates 15 power plants in Bangladesh with an installed capacity of 975.96 megawatt.

The company's shares closed 7.63 per cent lower at Tk 46 on the DSE yesterday.

Summit Alliance Port Ltd (SAPL), another listed company of Summit Group, saw its consolidate EPS edge down to Tk 0.09 in the second quarter. It was Tk 0.10 in the same quarter in 2019.

Consolidated EPS doubled to Tk 0.41 in July-December from Tk 0.20 during the same period last year. Consolidated NOCFPS went up to Tk 0.92 compared to Tk 0.16 in the second half of 2019.

NAV per share dropped to Tk 32.83 on December 31 from Tk 33.83 on June 30.

The company's shares ended the day on the DSE at Tk 27.6 yesterday, down 7.69 per cent. 

SAPL is the leading off-dock in the private sector in Bangladesh with around 22.50 per cent shares in handling containerised exports and 10.50 per cent of the import volume.

It has set up the country's first-ever inland water terminal facility in the private sector on the bank of the Dhaleswari river in Muktarpur under Munshiganj, providing off-dock services and cargo transportation.

A subsidiary of SAPL has taken over the management of three river terminals in Kolkata and Patna of India.