STAR BUSINESS REPORT

SK Trims & Industries, a manufacturer of garment accessories, suffered a loss and a decline in revenue in the first quarter of fiscal year 2024-25.

The company reported a net loss of Tk 4.46 crore in the July-September quarter of the fiscal year, which is a sharp reversal from the profit of Tk 4.29 crore it had recorded in the same period last year.

Its loss per share was Tk 0.53 in the first quarter, down from earnings per share of Tk 0.51 during the same period last year, according to a price sensitive information disclosure by the company.

Its revenue also nosedived, falling 63 percent year-on-year to Tk 8.17 crore.

Additionally, the company’s net operating cash flow per share came to stand in the negative at Tk 0.02.

Established in 1998, SK Trims & Industries is known for garment accessory manufacturing facilities spanning 40,000 square feet.

The company specialises in a wide range of products, including sewing threads, woven labels, poly bags, heat transfer stickers, and packaging solutions, according to its website.