Alhaj Textile Mills’ earnings remain negative, offers no dividend

The board of directors of Alhaj Textile Mills Ltd has recommended no dividend for 2018-19 and 2019-20 fiscal year (FY).

In a statement on the Dhaka Stock Exchange (DSE) on Thursday, the company reported earnings per share (EPS) of Tk0.93 in the negative, net asset value (NAV) per share of Tk8.45 and net operating cash flow per share (NOCFPS) of Tk2.30 for 2019-20 FY as against negative Tk1.88, Tk9.38 and Tk8.07 respectively for the same period of the previous year.

The company also said that the Q1 (July-September) earnings of the company increased 69 percent to Tk0.19 in the negative, as against negative Tk0.62 for the Q1 of 2019.

Following the corporate declaration, there will be no price limit on the trading of the company’s shares. However, the floor price set by the Bangladesh Securities Exchange Commission (BSEC) will be applicable accordingly.

The annual general meetings (AGM) of the company for both FY 2018-19 and FY 2019-20 are scheduled to take place on December 30.