ACI suffers losses in Q1
ACI Limited reported a loss of Tk 18.59 crore in the July-September quarter of the current financial year of 2022-23.
This compared to Tk 24.82 crore profit the conglomerate made during the same quarter a year earlier.
Thus, it reported consolidated earnings per share of Tk 3.94 in negative for July-September of 2022, which was Tk 3.42 in the same quarter in 2021.
During the three months, the group achieved significant revenue growth thanks to higher sales in some of the business segments.
However, the substantial increase in costs due to macroeconomic factors, including a significant increase in import costs caused by the depreciation of the local currency against the US dollar, led to the decline in consolidated profit compared to the same period of last year, said ACI in a filing on the Dhaka Stock Exchange today.
The consolidated EPS decreased because of the fall in consolidated profit.
The consolidated net operating cash flow per share was a negative Tk 85.45 in July-September of 2022 in comparison to Tk 15.81 negative in the same three-month period of 2021.
The NOCFPS decreased mainly due to investment in working capital to facilitate business growth in the coming months, said the filing.
The consolidated net asset value per share was Tk 137.60 on September 30 and Tk 141.98 on June 30.