Zaheen Spinning's losses piled up in the second quarter of fiscal year 2024-25 as lower sales and higher production costs dented its earnings. 

It reported a loss of Tk 12.29 crore in the October-December quarter of 2024.  

The company's loss per share stood at Tk 1.08 for the quarter, up from Tk 0.11 a year ago, according to a disclosure on the Dhaka Stock Exchange website (DSE) today.  

Shares of Zaheen Spinning declined 3.61 percent to Tk 8 in midday trading at the DSE. 

The company attributed the sharp decline to reduced sales volume and higher cost of goods sold following a production shutdown due to a fire incident and related losses.  

For the July-December 2024 period, its loss per share reached Tk 1.15, compared to Tk 0.20 in the same period of 2023.