National Tea Company’s earnings plunge

Rising costs have brought down earnings of the National Tea Company Ltd, the company said in a statement posted on Dhaka Stock Exchange.

The company reported earnings per share (EPS) of Tk 2.11 for July-September as against Tk 7.89 for the same time a year ago. 

NTC said increasing labour cost and production cost have affected its income. 

Net operating cash flow per share (NOCFPS) of the company was Tk 13.97 from July-September as against Tk 3.21 last year and consolidated net asset value (NAV) per share was Tk 118.86 as on September 30 and Tk 116.75 as on June 30.