Ambee Pharma’s profit surges 75%

Ambee Pharmaceuticals Ltd's profit jumped 75 per cent year-on-year to Tk 16.80 lakh in the January-March quarter of the ongoing financial year.

The profit stood at Tk 9.60 lakh in the identical three-month period of 2021-22.

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Thus, the earnings per share were Tk 0.70 in January-March of 2022-23 against Tk 0.40 in the same quarter a year earlier, according to the unaudited financial statements.

The third quarter's stellar performance raised the pharmaceuticals manufacturer's profit to Tk 32.16 lakh in July-March, up 81 per cent from Tk 17.76 lakh seen in the same period a year earlier.

Thus, the EPS was Tk 1.34 in the first nine months of the financial year compared to Tk 0.74 in the same period in FY22. Shares of Ambee Pharmaceuticals rose 1.56 per cent to Tk 515.40 on the Dhaka Stock Exchange yesterday.