Q2 earnings of Dacca Dyeing rise 180%

The Dacca Dyeing and Manufacturing Company Limited has posted a-180 percent increase in its earnings in the second quarter ended on December 31, 2021 as against the same quarter last year.

Its earnings per share (EPS) stood at Tk 0.42 in the Q2, up from Tk 0.15 recorded in the same period a year earlier, said the company in a filing with the Dhaka Stock Exchange on Wednesday.

As of December 31, 2021, the company’s net asset value (NAV) per share stood at Tk 35.21 against Tk 34.47 as of June 30, 2021.

Meanwhile, the company had consolidated earnings per share (EPS) of Tk 0.73 in the first six months of the current financial year (July-December ’21). 

The EPS for the same period of the previous financial year was Tk 0.28. As a result, the company’s profit increased by Tk 0.45 or 161 percent.

The company has also informed that significant profit increased in the second quarter due to increase in sales revenue and production.