The Board of Directors of 7 listed companies have released unaudited financial reports for the first quarter of the current financial year (July-September, 2024).
The companies are – Atlas Bangladesh Limited, Eastern Cables Limited, Crown Cement Plc, Fass Finance & Investment Limited, Fine Foods Limited, Sea Pearl Beach Resort & Spa Limited and Jahin Spinning Limited.
On Monday (November 11), this information was revealed by Dhaka and Chittagong Stock Exchange (DSE-CSE) sources.
Atlas Bangladesh: The loss per share (EPS) of the company for the first quarter of the current financial year has been Tk (0.25). The company had a loss per share of Rs (0.61) during the same period last year. On September 30, the company’s net asset value per share (NAVPS) was Tk 114.
Eastern Cables: The loss per share (EPS) of the company for the first quarter of the current financial year was Rs.(1.44). During the same period last year, the company had a loss per share of Rs.(0.45). On September 30, the company’s net asset value per share (NAVPS) was Tk 343.21.
Crown Cement: The company’s earnings per share (EPS) for the first quarter of the current financial year was Tk 0.25. The company’s profit per share was Rs 2.32 during the same period last year. On September 30, the company’s net asset value per share (NAVPS) was Tk 57.25.
Fass Finance: The loss per share (EPS) of the company for the first quarter of the current financial year has been Rs.(19.37). During the same period last year, the company had a loss per share of Rs.(47.84). On September 30, the company’s negative net asset value per share (NAVPS) was Rs.(105.41).
Fine Foods: The company’s earnings per share (EPS) for the first quarter of the current financial year stood at Tk 0.88. The company’s profit per share was Rs 0.07 during the same period last year. On September 30, the company’s net asset value per share (NAVPS) was Rs 11.31.
Sea Pearl: The loss per share (EPS) of the company in the first quarter of the current financial year was Rs. (1.05). The company’s profit per share was Rs 1.62 during the same period last year. On September 30, the company’s net asset value per share (NAVPS) was Tk 17.34.
Jahin Spinning: The loss per share (EPS) of the company for the first quarter of the current financial year was Rs.(0.07). The company had a loss per share of Rs (0.08) during the same period last year. On September 30, the company’s net asset value per share (NAVPS) was Tk 3.89.
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How can companies improve their financial performance in challenging market conditions?
Interview between Time.news Editor and Financial Expert
Time.news Editor: Welcome to Time.news! Today we have with us Dr. Shazia Rahman, a financial analyst with over a decade of experience in the capital markets. We’re discussing the recent unaudited financial reports released by seven companies listed on the Dhaka and Chittagong Stock Exchanges for the first quarter of the financial year. Dr. Rahman, thank you for joining us!
Dr. Shazia Rahman: Thank you for having me! It’s a pleasure to be here and discuss these important financial insights.
Editor: Let’s jump right in. The reports show a mixed bag for these companies. For instance, Atlas Bangladesh has reported a loss per share of Tk (0.25), which is an improvement from Tk (0.61) last year. What does this indicate about the company’s trajectory?
Dr. Rahman: Atlas Bangladesh’s slight reduction in losses is indeed a positive signal. While it’s still operating at a loss, the reduced loss per share indicates that the company may be taking effective steps to manage its expenses or improve its revenue streams. However, continued losses can still be concerning for investors, so it will be essential for them to show further improvement in the upcoming quarters.
Editor: Moving on to Eastern Cables, they’ve reported a greater loss of Tk (1.44) compared to last year’s Tk (0.45). What might be the underlying issues contributing to this increase in loss?
Dr. Rahman: Eastern Cables’ situation suggests deeper operational challenges. The widening losses could stem from various factors such as increased raw material costs or decreased sales due to market competition. The management will need to conduct a thorough analysis to identify the root causes and implement corrective measures quickly.
Editor: Crown Cement seems to be facing challenges too, with earnings per share decreasing from Tk 2.32 last year to Tk 0.25 this quarter. What analysis can be drawn from this significant drop?
Dr. Rahman: The sharp decline in earnings per share for Crown Cement is indeed alarming. This could indicate a decrease in demand, rising production costs, or even potential issues in distribution or market penetration. Investors should watch how Crown Cement adjusts to these challenges. The company needs to focus on strategies to regain its market share and improve efficiency if it hopes to return to profitability.
Editor: Fass Finance also presents a notable example, narrowing their losses to Tk (19.37), down from Tk (47.84) last year. Does this suggest any potential for recovery?
Dr. Rahman: Yes, Fass Finance’s situation displays potential for recovery. Though they are still operating at a loss, the fact that the losses have decreased significantly is a positive sign. This could imply that the company is improving its risk management practices or enhancing its service offerings. However, it’s crucial for the company to maintain this momentum and ultimately turn profitable.
Editor: Fine Foods, on the other hand, has reported earnings per share of Tk 0.88. How does this position them relative to the other companies we’ve discussed?
Dr. Rahman: Fine Foods’ positive earnings per share indicates healthy performance relative to the other companies we’ve discussed. It suggests that they have a sound business model, effective cost controls, and possibly a strong market presence. This kind of stability often attracts investors, especially in a quarter where many companies are struggling.
Editor: Lastly, what trends are you noticing within these companies from this reporting?
Dr. Rahman: The overarching trend seems to be a struggle for profitability in a challenging market environment. Companies that can adapt quickly and effectively to market pressures are likely to fare better. Investors should pay close attention to management reports and forward-looking statements, as these will reveal how each company plans to navigate these challenges moving forward.
Editor: Thank you, Dr. Rahman, for your insights! It seems like investors will need to keep a close watch on these developments in the coming months.
Dr. Rahman: Absolutely! It’s been great discussing these financial reports with you and sharing insights.
Editor: Thanks again for joining us on Time.news, and we look forward to more updates as these companies continue to evolve in their fiscal journeys.