BD Thai Aluminium sees sharp fall in profit

Bangladesh Thai Aluminium Ltd's profit plummeted more than 98 per cent to Tk 25.55 lakh in the financial year that ended on June 30, 2022.

The manufacturer of aluminium profiles made a profit of Tk 15.97 crore in 2020-21. 

The company reported earnings per share of Tk 0.02 for 2021-22 against Tk 1.25 in 2020-21.

The net asset value per share improved slightly to Tk 28.33 in the last financial year from Tk 28.11, while the net operating cash flow per share returned to a positive Tk 0.51 from a negative Tk 0.14 during the period. 

The board of directors of Bangladesh Thai recommended no dividend for 2021-22.

Aluminium profiles are made from aluminium alloys transformed into shaped objects through the extrusion process. 

Bangladesh Thai's aluminium profiles are used in doors, windows, curtain walls, partitions, false ceilings, automobiles and railway windows, tower bolts, and other industrial products, according to the company's website. 

Shares of the manufacturer were unchanged at Tk 17 on the Dhaka Stock Exchange today.