Runner Automobiles incurs Tk28 crore loss in Q1

Business Desk :
Runner Automobiles PLC – the country’s pioneer in motorcycle manufacturing and exporting – has incurred a consolidated loss of Tk28 crore in the first three months of the current fiscal year as its sales declined.
During the July to September quarter, its loss widened by 202% than the same time of the previous fiscal year.
In Q1 of the FY22, its loss was Tk8.93 crore.
The consolidated loss per share stood at Tk2.27, the loss per share was Tk0.81 during the July-September of FY22.
In a filing on the stock exchanges, the company said, its profit has declined significantly due to losing sales tremendously.
According to its consolidated statement for the first quarter, its revenue declined by 25% to Tk172 crore, which was Tk230 crore at the same time as the previous fiscal year.