Alltex Industries returns to profit after six years

Alltex Industries Ltd made a profit in the financial year that ended on June 30.  

The textile company reported a profit of Tk 1.12 crore in 2021-22, its first profit in six years. It incurred a loss of Tk 28.43 crore a year earlier.

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The company reported earnings per share of Tk 0.20 for 2021-22, which was Tk 5.08 in negative in 2020-21.

"We made a profit because of an increase in orders. We also got better prices," said an official of Alltex Industries.

The net asset value per share rose to Tk 8.75 from Tk 5.87 while the net operating cash flow per share surged to Tk 6.03 from Tk 1.46 a year earlier.

The board of directors has recommended a 1 per cent cash dividend for 2021-22, the first cash dividend since 2014-15.

Shares of Alltex Industries were unchanged at Tk 24.60 on the Dhaka Stock Exchange yesterday.

The products of Alltex Industries, also an exporter, include bed sheets, duvet covers, flat sheets, fitted sheets, curtains, pelmets, comforter shells, dust ruffles, window valances, and pillowcases.