Summit Alliance Port’s profit surges 50%

Summit Alliance Port Limited reported a 50 per cent jump in profit for the year that ended on June 30.

The inland container depot and container freight services provider made a profit of Tk 28.19 crore in 2021-22, up from Tk 18.71 crore a year earlier.

The company reported consolidated earnings per share of Tk 1.19 for 2021-22, which was Tk 0.79 a year earlier.

The consolidated net asset value per share rose to Tk 34.34 from Tk 33.52 while the consolidated net operating cash flow per share increased to Tk 2 from Tk 1.32 earlier.

The board of directors has recommended a 15 per cent cash dividend for 2021-22.

Established in 2003 in Patenga of Chattogram, Summit Alliance Port has three container depots. It handles about 20 per cent of the country's exports through its facilities in Chattogram and Muktarpur of Munshiganj.