Oimex Electrode suffers losses in FY22

Business Report :
Oimex Electrode Limited incurred a loss of Tk 11.07 crore in the last financial year of 2021-22.
This is compared to the Tk 53.66 lakh the cable manufacturer made in the financial year of 2020-21.
Thus, it reported earnings per share of Tk 1.65 negative in FY22. It was Tk 0.08 positive in FY21.
The net asset value per share of Oimex Electrode fell to Tk 11.72 in the last financial year from Tk 13.38 in FY21.
The consolidated net operating cash flow per share was Tk 0.57 negative in FY22 compared to a positive Tk 0.88 in FY21.
Oimex Electrode declared a 1 per cent cash dividend for its general shareholders for FY22, according to a posting on the Dhaka Stock Exchange on Monday.