Business Report :
Shasha Denims Limited suffered a 94.5 per cent year-on-year decline in profit to Tk 42.31 lakh in the third quarter of the ongoing financial year.
The profit stood at Tk 7.76 crore in the identical January-March quarter of 2021-22.
So, the consolidated earnings per share of the company plummeted to Tk 0.03 in January-March of 2022-23 from Tk 0.55 in the same three-month period a year earlier.
The earnings per share decreased due to an increase in financial expenses and income taxes, said the apparel manufacturer in a disclosure on the Dhaka Stock Exchange.
Shasha Denims’ profit fell 6.2 per cent to Tk 19.18 crore in July- March of FY23. The company made Tk 20.45 crore profit in the same period in FY22.
Thus, the apparel maker reported consolidated earnings per share of Tk 1.36 in the nine-month period of FY23 against Tk 1.45 in the same period a year ago.
In the first three quarters of the current financial year, the company’s consolidated net operating cash flow per share surged to Tk 12.21 from Tk 4.57.
The consolidated net asset value per share stood at Tk 40.53 on March 31 this year and Tk 40.23 on June 30 last year.