Sonali Aansh’s profit plummets 83% in Q3

Sonali Aansh Industries Limited posted an 83 per cent year-on-year decline in profit in the third quarter of the current financial year.  

The company made a profit of Tk 16.27 lakh in January-March of 2022-23 against Tk 96.55 lakh during the same quarter of 2021-22. Thus, the earnings per share slipped to Tk 0.30 from Tk 1.78 a year ago, according to the unaudited financial statements. 

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The EPS decreased due to a fall in export turnover, said Sonali Aansh in a post on the Dhaka Stock Exchange.

The profit stood at Tk 71.59 lakh in July-March of FY23 compared to Tk 1.65 crore during the identical nine-month period of the previous financial year, a year-on-year decrease of nearly 57 per cent. The EPS dropped to Tk 1.32 from Tk 3.05 a year ago.

The net operating cash flow per share plummeted to Tk 12.51 in July-March of FY23 against Tk 18.80 in FY22, owing to the enhancement of shares, the company said.

The company provided a 100 per cent bonus share in FY22.

The net asset value per share dipped to Tk 115.61 on March 31 this year from Tk 228.71 on March 31 last year.

Shares of Sonali Aansh were down 2.96 per cent to Tk 439.20 on the DSE yesterday.