SK Trims & Industries’ Q1 earnings drop by 21%

The earnings per share (EPS) of the SK Trims & Industries Limited have dropped by 21 percent to Tk0.52 in the Q1 (July-September) of 2020 as against Tk0.66 for the same period of last fiscal year (FY).

In a statement published on the Dhaka Stock Exchange (DSE) on Sunday, the company also reported that its net operating cash flow per share (NOCFPS) was Tk1 for the Q1 of 2020, as against Tk0.36 for the same period a year ago.

It was also reported that the net asset value (NAV) per share was Tk14.32 as on September 30 and Tk13.80 as on June 30, 2020.

In its statement, the company also informed that the board of directors decided to utilise Tk12.72 crore of IPO fund under the head of acquisition of machineries and equipment for acquiring capital machineries for bag manufacturing division, instead of RMG division.

This is still subject to the approval of shareholders of the company in its upcoming AGM on December 24.