The Dacca Dyeing & Manufacturing Company Ltd posted more than 90 per cent year-on-year decline in profit in the July-September quarter of the current financial year.    

The company made a profit of Tk 26.14 lakh in the three-month period of 2022-23. It was Tk 2.70 crore during the identical quarter a year earlier.

The earnings per share were Tk 0.03 in July-September against Tk 0.31 in the same quarter of 2021-22, according to the unaudited financial statements of the company.

The profit decreased significantly due to massive repair and maintenance work during the period, said Dacca Dyeing in a filing on the Dhaka Stock Exchange.

The net operating cash flow per share was Tk 0.57 in the first quarter of 2022-23, up from Tk 0.31 a year ago.

The net asset value per share was Tk 34.67 on September 30 and Tk 34.64 on June 30.

Shares of Dacca Dyeing were unchanged at Tk 17.90 on the DSE yesterday.