Business desk :
Standard Ceramic Industries recorded a loss in the first quarter (July-September) of the financial year 2024-25, as continued operational expenses without any revenue drove its earnings into negative territory.
The ceramics manufacturer posted a loss of Tk 4.61 crore, reflecting a marginal 2 percent improvement compared to the loss recorded in the same period last year.
Shares of the company declined 0.29 percent to Tk 69.9 as of mid-day trading today on the Dhaka Stock Exchange (DSE).
The loss per share was Tk 7.14, slightly lower than Tk 7.34 in the corresponding period of 2023, according to a disclosure on the DSE website.
The company attributed the negative earnings per share to the temporary closure of its factory since January 26, 2024.
During the quarter, Standard Ceramic reported no revenue while it had to spend for full salary payments and other fixed costs, leading to a deviation in its net asset value (NAV) per share, as per the disclosure.
