MIDAS Financing’s Q2 earnings turn positive

With a more than 668% rise, the Q2 (April-June) earnings of MIDAS Financing Ltd turned positive.

In a filing with Dhaka Stock Exchange on Sunday, the company said that its consolidated earnings per share (EPS) was Tk1.08 for the Q2 of 2021 as against Tk0.19 in the negative for the same period of the previous year. 

Meanwhile, its consolidated net asset value (NAV) per share was Tk8.97 as of June 30, 2021, and Tk11.69 as of December 31, 2020.

The company last offered 2.5% cash and 2.5% stock dividend to its shareholders back in the year 2019. Its closing price was Tk22.4 during Sunday’s trade.