Samata Leather suffers losses

Samata Leather Complex Ltd suffered losses in the financial year that ended on June 30.    

The manufacturer and exporter of crust and finished leather incurred a loss of Tk 6.19 lakh in 2021-22 after making a profit of Tk 10.32 lakh a year earlier. This was the first loss for the company in five years.

Thus, Samata Leather reported earnings per share of Tk 0.06 negative in the last financial year against Tk 0.10 a year earlier.

The net asset value per share fell to Tk 14.32 in 2021-22 from Tk 14.39 in 2020-21, while the net operating cash flow per share slipped to Tk 0.09 from Tk 0.24 during the period.

The board of Samata Leather has recommended no dividend for 2021-2022.

Shares of the company closed at Tk 70.50 on the Dhaka Stock Exchange yesterday, unchanged from the previous session.