BSRM Steels logs Tk 327cr profit in FY22

BSRM Steels Limited posted a 7.6 per cent higher profit in the last financial year that ended on June 30. 

It raked in Tk 327.83 crore in profit in 2021-22, which was Tk 304.52 crore a year earlier.

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Thus, the steel making company reported earnings per share of Tk 8.72. It was Tk 8.10 in the year 2020-21.

The net asset value per share of the company rose to Tk 68.99 from Tk 62.38. But the net operating cash flow per share dropped to Tk 10.62 from Tk 20.87 in 2020-21.

The board of directors of BSRM Steels has recommended a 30 per cent cash dividend for 2021-22.

Shares of BSRM Steels rose 1.08 per cent to Tk 63.90 on the Dhaka Stock Exchange yesterday.