KDS Accessories’ profit up 6pc

KDS Accessories Limited's profit rose nearly 6 per cent year-on-year to Tk 16.58 crore in the year that ended on June 30, 2022. 

The profit stood at Tk 15.66 crore a year ago, data from the Dhaka Stock Exchange (DSE) showed.

The company reported earnings per share of Tk 2.33 for 2021-22, against Tk 2.20 a year ago.

The net asset value, which is the value of an entity's assets minus the value of its liabilities, rose to Tk 25.58 per share from Tk 24.75.

KDS's net operating cash flow, which refers to the amount of cash a company generates from the revenues it brings in excluding costs associated with long-term capital investment, went up to Tk 8.97 per share from Tk 6.58.

The board of directors recommended a 16 per cent cash dividend for 2021-22, according to a filing on the DSE yesterday. It was 15 per cent in the previous financial year.

The company supplies a range of apparel trims and packaging products and services. The products include general packaging boxes, sewing threads, hangers, poly bags, buttons, gum tapes, woven labels, printed fabric labels, elastics and narrow fabrics, heat transfers and offset printing, according to its website.

Shares of KDS Accessories closed 0.13 per cent higher to Tk 77.40 on the DSE yesterday.