Atlas Bangladesh suffers loss of Tk 4.87 crore in 2021-22

State-run bike manufacturer Atlas Bangladesh Ltd suffered a loss of Tk 4.87 crore in the last financial year that ended on June 30.

The loss stood at Tk 10.24 crore in 2020-21.

The state-run enterprise reported negative earnings per share of Tk 1.47 for the last financial year against Tk 3.09 in negative in 2020-21.

The net asset value per share fell to Tk 126 from Tk 128 while the net operating cash flow per share was a positive Tk 0.78 against Tk 3.24 in negative in 2020-21.

The board of directors did not recommend any dividends for 2021-22.

In the July-September quarter, the state-owned enterprise incurred a loss of Tk 2.15 crore, against a loss of Tk 1.13 crore in the identical quarter of 2021.

The EPS was Tk 0.65 in negative for July-September versus Tk 0.34 in negative in the same quarter last year.