Matin Spinning’s profits fell by 60 percent – 2024-04-25 11:04:18

by times news cr

2024-04-25 11:04:18

Matin Spinning Mills Ltd., a listed company in the textile sector, has published unaudited financial reports for the third quarter (January-March, 2024) and nine months (July-March, 2024) of the current financial year. According to published reports, the company’s earnings per share (EPS) declined in nine months.

On Wednesday (April 24), Dhaka and Chittagong Stock Exchange (DSE-CSE) informed this information.

Earlier, the company’s board of directors met on Tuesday after reviewing and approving the financial report for the third quarter of the current financial year.

According to the data, the company’s earnings per share (EPS) in the third quarter of the current financial year was Tk 0.98. The amount of which was 0.11 rupees in the same period of the last financial year. In this case, the profit per share has increased by 0.76 taka or 345 percent.

Meanwhile, the company’s earnings per share (EPS) for the three quarters or 9 months stood at Tk 1.56. The amount of which was Rs. 3.99 during the same period of the last financial year. In this case, the profit per share has decreased by 2.43 taka or 60 percent.

As on March 31, 2024, the company’s net asset value per share (NAVPS) stood at Tk 57.19.

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