Aman Feed’s profit plunges 66.79pc

Aman Feed Limited's net profit declined by 66.79 per cent year-on-year to Tk 11.02 crore in the year that ended on June 30, due to an increase in the cost of goods sold and financial expenses. 

The net profit stood at Tk 33.12 crore a year earlier.

Thus, Aman Feed reported earnings per share of Tk 0.84 in 2021-22, down from Tk 2.53 in 2020-21.

The cost of goods sold rose by 48.54 per cent and financial expenses went up by 35.61 per cent because of the considerable increase in the price of raw materials, said Aman Feed in a filing on the Dhaka Stock Exchange (DSE) yesterday. 

The net asset value per share stood at Tk 32.52 in the last financial year, slightly up from Tk 32.23 in 2020-21.

The net operating cash flow per share rose to Tk 0.82 from Tk 0.16, led by the rise in the prices of finished goods and collection from customers.

The board of directors recommended a 10 per cent cash dividend for general shareholders for 2021-22. The cash dividend to be payable to the general shareholders will be Tk 4.81 crore. 

Shares of Aman Feed closed 0.30 per cent lower at Tk 33.50 on the DSE yesterday.