Quasem Industries posts 20pc decline in profit in Q3

Business Desk :
Quasem Industries Ltd reported a 20 per cent year-on-year decline in profit to Tk 87.27 lakh in the third quarter of the current financial year owing to a rise in the cost of production and expenses.

The battery manufacturer made a Tk 1.09 crore profit in January-March of the previous financial year of 2021-22.
Its earnings per share rose to Tk 0.12 in the January-March quarter of 2022-23 against Tk 0.15 in the similar quarter a year earlier, according to the unaudited financial statements.

Quasem Industries suffered a loss of Tk 50.91 lakh in the July-March period of 2022-23.