Active Fine Chemical's profit drops 50% in Jan-Mar

Active Fine Chemicals Limited reported a 50 per cent year-on-year decline in profit to Tk 47.99 lakh in the third quarter of the current financial year.

The company's profit stood at Tk 95.97 lakh in the January-March quarter of 2021-22.

Thus, the earnings per share slipped to Tk 0.02 in January-March of 2022-23 against Tk 0.04 in the third quarter of the previous financial year, according to the unaudited financial statements.

Active Fine Chemicals's profit plummeted 50 per cent to Tk 2.88 crore in July-March of FY23. It was Tk 5.76 crore in the same nine-month period of FY22. So, the EPS fell to Tk 0.12 from Tk 0.24.