Gemini Sea Food’s profit surges 1,634pc in 2021-22

Business Desk :
Gemini Sea Food Ltd posted a 1,634 per cent increase in net profit in the last financial year.
The company made a profit of Tk 5.86 crore in 2021-22, up from Tk 33.8 lakh a year earlier.
Thus, Gemini Sea Food reported earnings per share of Tk 12.49 for the last financial year against Tk 0.72 a year ago.
The EPS went up significantly due to a rise in the sales revenue by 109 per cent in 2021-22 from a year earlier, said the seafood processor in a filing on the Dhaka Stock Exchange (DSE) on Thursday.
Its net asset value per share rose to Tk 13.10 from Tk. 0.93.
The net operating cash flow per share, however, was a negative of Tk 25.79 in 2021-22 from Tk 1.05 in the previous year, largely because of the increase in the accounts receivables and advance payment for shrimp to suppliers.