Dominage Steel’s profit drops 88% in January-March

Dominage Steel Building Systems Limited's profit declined more than 88 per cent year-on-year to Tk 20.52 lakh in the third quarter of the current financial year.

The steel builder made a profit of Tk 1.74 crore in the January-March quarter of 2021-22.

Thus, the company reported earnings per share of Tk 0.02 for January-March of 2022-23 against Tk 0.17 in the identical period of FY22, according to the unaudited financial statements.

The profit fell more than 34 per cent to Tk 3.18 crore in the July-March of FY23. It was Tk 4.82 crore in the same period of FY22.

Dominage Steel reported EPS of Tk 0.31 for the first three quarters of FY23 against Tk 0.47 during the same nine-month period a year ago.

The net operating cash flow per share of the company fell to Tk 0.98 in July-March of the current financial year from Tk 2.04 a year ago.

The net asset value per share was Tk 17.41 on March 31 this year and Tk 17.23 on the same day last year.

Dominage Steel's shares were unchanged at Tk 16.20 on the Dhaka Stock Exchange on Wednesday.