Associated Oxygen posts 13% higher profit in Jan-Mar

Associated Oxygen Limited posted a 13 per cent year-on-year increase in profit to Tk 5.71 crore in the third quarter of the current financial year.

The profit stood at Tk 5.05 crore in the same three-month period of 2021-22.

The earnings per share, thus, rose to Tk 0.52 in January-March of 2022-23 against Tk 0.46 in the same quarter of the previous financial year, according to the unaudited financial statements.

The profit, however, fell in July-March of FY23, standing at Tk 13.83 crore, which was Tk 14.71 crore during the same nine-month period of FY22, a year-on-year decrease of 6 per cent. So, the EPS slipped to Tk 1.26 from Tk 1.34.

Shares of Associated Oxygen closed at Tk 36.50 on the Dhaka Stock Exchange today.