Bangas posts 75% profit growth in October-December

The bread and biscuit manufacturer made a profit of Tk 5.34 lakh in October-December of 2022-23 against Tk 3.05 lakh in the same three-month period a year earlier. 

Thus, it reported earnings per share (EPS) of Tk 0.07 for the second quarter of FY23, which was Tk 0.04 in October-December of 2021-22, Bangas said in a posting on the Dhaka Stock Exchange today.

Bangas also stated that its profit stood at Tk 9.15 lakh in the first half of FY23, up 33 per cent from Tk 6.86 lakh in the identical half of FY22.  So, its EPS rose to Tk 0.12 from Tk 0.09 during the period.

The company's net operating cash flow per share increased to Tk 0.51 in the July-December period of FY23 from Tk 0.43 in FY22.

The net asset value decreased to Tk 21 as on December 31 last year from Tk 21.11 on the same day of 2021.

Shares of Bangas fell 0.82 per cent to Tk 109 on the DSE today.