Profits up for Bangas, Peninsula Chittagong

Bangas Ltd and Peninsula Chittagong Ltd reported higher profits in the first quarter of the current financial year, while Hakkani Pulp & Paper Mills Ltd fell in the red in the last financial year.

The earnings per share of Bangas, a biscuit maker, returned to the positive territory in the July-September period.

It stood at Tk 0.06 compared to Tk 0.12 in the negative in the same quarter last year, according to the company's unaudited financial statement.

Peninsula Chittagong, a business class hotel in the port city, posted an EPS of Tk 0.31 for July-September, up 14.81 per cent from Tk 0.27 in the same quarter in 2020.

The company also said its core business was interrupted due to the Covid-19 pandemic during the quarter.

Hakkani Pulp & Paper Mills reported a negative EPS of Tk 1.28 for the financial year that ended on June 30 due to a decrease in sales. The EPS was Tk 0.07 in the positive in the previous financial year.