Paramount Textile Limited posted a 104 per cent year-on-year increase in profit to Tk 31.59 crore in the third quarter of the current financial year.

Paramount Textile Limited has decided to raise Tk 250 crore by issuing bonds to pay off existing liabilities and expand.

Paramount Textile, a listed textile company, has got regulatory approval to offload preference shares to raise a fund of Tk 150 crore.