Envoy Textiles’ profit jumps 433% in 2021-22

Envoy Textiles Limited posted a 433 per cent year-on-year increase in profit to Tk 50.15 crore in the financial year of 2021-22.

It made a profit of Tk 9.39 crore a year earlier.

The textile manufacturer reported earnings per share of Tk 2.99 for 2021-22, way higher than the Tk 0.56 it clocked in 2020-21.

The net asset value per share rose to Tk 38.21 in the last financial year from Tk 37.79 in FY20 while the net operating cash flow per share returned to a positive territory at Tk 3.43 from a negative Tk 2.25 during the period.

The board of directors has recommended a 15 per cent cash dividend for the year that ended on June 30.

The company also published its unaudited financial statements for the first three quarters of the current financial year. 

It showed profit fell nearly 30 per cent year-on-year to Tk 8.89 crore in January-March of 2022-23. It was Tk 12.58 crore during the same nine-month period of 2021-22.
So, the EPS fell to Tk 0.53 from Tk 0.75 during the period.