STAR BUSINESS REPORT

Sonali Aansh Industries’ profits more than tripled in the third quarter of the current financial year on the back of higher export turnover.

Earnings per share were Tk 1.78 in the January-March period of 2022, up 263 per cent against Tk 0.49 in the same period a year ago, according to the un-audited financial statement of the manufacturer of traditional, non-traditional and diversified quality jute products.

The EPS was Tk 3.05 in the July-March period, against Tk 0.75 attained in the identical period last financial year, an increase of more than 305 per cent year-on-year.

Net operating cash flows per share, a measure of a firm’s financial strength, also more than tripled to Tk 18.80 in the nine-month period, compared to Tk 6.08 a year ago.

The net asset value, which indicates a company’s total assets minus its total liabilities, was Tk 228.71 per share as on March 31 compared to Tk 226.28 on the same day in 2021.

Sonali Aansh Industries is an export-oriented company and supplies jute yarn, fabrics and finished goods such as bags and footwear to its buyers in European countries, India and China, Md Ahsan Habib, chief financial officer of the company, told The Daily Star.

Shares of Sonali Aansh closed 2.91 per cent higher at Tk 473.40 on the Dhaka Stock Exchange yesterday.