Sea Pearl posts profit in Jul-Sep quarter

Sea Pearl Beach Resort & Spa Ltd posted profit in the July-September quarter of 2022.    

The company made a net profit of Tk 15.36 crore during the quarter. It lost Tk 1.05 crore in the first quarter of 2021-22.

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Thus, its earnings per share were Tk 1.27 in the July-September quarter against a negative of Tk 0.09 in the identical three-month period in 2021, according to the un-audited financial statements.

In a filing on the Dhaka Stock Exchange (DSE) yesterday, Sea Pearl credited the improvement in the coronavirus pandemic situation, higher revenue for the utilisation of rooms during peak seasons, and full-fledged operation of the water park, and cruise ship for the turnaround.

Net operating cash flow per share surged to Tk 2.43 in the quarter from Tk 0.74 earlier. Its net asset value per share stood at Tk 13.01 on September 30 and Tk 11.77 on June 30.

The profit of the hotel, located in Cox's Bazar, jumped by more than 118 per cent year-on-year to Tk 16.13 crore in the last financial year as people have begun travelling again following the improvement in the coronavirus situation.

Sea Pearl's shares closed down 0.47 per cent at Tk 146.90 on the DSE yesterday.