Rahima Food’s profit jumps 425pc in July-September

Business Desk :
Rahima Food Corporation Limited posted a 425 per cent increase in profit in the first quarter of the current financial year.
The coconut oil producer made a profit of Tk 42 lakh in the July-September quarter of 2022-23, way higher than Tk 8 lakh registered in the identical quarter in the previous financial year.
Thus, the earnings per share were Tk 0.21 for July-September against Tk 0.04 in the same three-month period of 2021, according to the un-audited financial statements of the company.
Established in 1991, Rahima Food used to produce and market refined edible oil in bulk quantity until 2013. Then, it had to stop its production to avoid losses due to the scanty marketability of its products.