Losses of Usmania Glass decline by 58% in Q2

Usmania Glass Sheet Factory Limited has posted a 58-percent decrease in its losses in the second quarter ended on December 31, 2021 as against the same quarter last year.

Its losses per share stood at Tk 0.60 in the Q2, down from Tk 1.43 recorded in the same period a year earlier, said the company in a filing with the Dhaka Stock Exchange on Thursday.

As of December 31, 2021, the company’s net asset value (NAV) per share stood at Tk 84.28 against Tk 85.82 as of June 30, 2021.

Meanwhile, the company had consolidated losses per share of Tk 1.57 in the first six months of the current financial year (July-December).

The EPS for the same period of the previous financial year was Tk 3.35. As a result, the company’s losses decreased by Tk 1.78 or 53 percent.