Shamsa Chowdhury, a director of Samorita Hospital Limited, has announced her intention to sell 1.25 lakh shares from her holdings in the publicly listed company at the current market price.
According to a disclosure on the Dhaka Stock Exchange (DSE) today (22 December), Shamsa wants to sell the shares in the public market or block market of the bourse within the next 30 working days. Currently, she holds 20.06 lakh shares in the hospital.
On the day, its shares closed at Tk52.80, increasing 0.56% from the previous session on the DSE.
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The late Mockbul Hossain, a former Member of Parliament, was the founder of the hospital. He was also the father of Ahsanul Islam Titu, a former state minister of the Ministry of Commerce.
Samorita profit drops 70% in July-September
The company witnessed a significant drop in both revenue and profit in the July-September quarter of the current fiscal year 2024-25.
According to the unaudited financial statement, its revenue fell by 19% to Tk9.61 crore, while the net profit dropped by over 70% to Tk0.54 crore, compared to the previous year in the same quarter.
At the end of September, its earnings per share stood at Tk0.25 and the net asset value per share stood at Tk48.52, which were Tk1.82 and Tk48.27 respectively in the same quarter of the previous year.
In October, the company recommended a 5% cash dividend for its shareholders for FY24. The dividend will be disbursed pending shareholder approval at the annual general meeting, scheduled for 26 December. It had disbursed a 10% stock dividend in FY23.
In the last fiscal year, its revenue grew by 13% to Tk37.83 crore, while the net profit jumped by 16 times to Tk1.21 crore, compared to the previous fiscal year.