Meghna Cement returns to profit

Meghna Cement Mills Ltd returned to profit in the last financial year.  

The cement manufacturer clocked a profit of Tk 5.58 crore in 2021-22 after incurring a loss of Tk 2.46 crore a year earlier.

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The company reported earnings per share of Tk 1.95 in 2021-22 against Tk 0.86 negative in 2020-21.

The net asset value per share, however, slipped to Tk 57.90 in the last financial year from Tk 62.49 a year earlier, while the net operating cash flow per share fell to Tk 15.14 from Tk 42.66 during the period.

The board of directors has recommended a 5 per cent cash and a 5 per cent stock dividend for 2021-22.

The board has recommended the bonus share as the retained earnings will be invested in new material handling projects, said Meghna Cement in a filing on the Dhaka Stock Exchange.

Shares of Meghna Cement were down 0.55 per cent on the DSE yesterday.