Aamra Networks posts 9.3% decline in profit in 2021-22

Aamra Networks Limited witnessed a 9.3 per cent decline in profit in the financial year that ended on June 30.

The technology company made Tk 10.92 crore in profit in 2021-22, which was Tk 12.04 crore a year ago.

Thus, it reported earnings per share of Tk 1.85 in the last financial year against Tk 2.04 in 2020-21.

During the year, the revenue slightly increased. Though most of the expenses changed a bit compared to last year, the enhancement in financial charges has impacted the EPS, said Aamra Networks in a filing on the Dhaka Stock Exchange today.

The net asset value per share rose to Tk 36.70 in 2021-22 from Tk 35.32 in 2020-21, while the net operating cash flow per share nearly doubled to Tk 8.51 from Tk 4.94.

In 2021-22, cash paid to suppliers was significantly reduced compared to cash receipts. Thus, despite the enhancement of financial charges, the NOCFPS increased significantly, said the filing.

The board of directors has recommended a 5 per cent cash and a 5 per cent stock dividend for 2021-2022.