Western Marine incurs losses for second straight year

Business Desk :
Western Marine Shipyard Limited posted losses in the financial year that ended on June 30. The ship manufacturer incurred a loss of Tk 1.18 crore in 2021-22 against Tk 94.08 lakh a year earlier.
The company reported negative earnings per share of Tk 0.05 for the last financial year compared to Tk 0.04 in negative in 2020-21.
So, the board of directors did not recommend any dividends for 2021-22.
The net asset value per share of Western Marine slipped to Tk 21.08 in 2021-22 from Tk 23.40 in 2020-21, while the net operating cash flow per share rose to Tk 0.44 from Tk 0.34 during the period.