trending Market Intelligence /marketintelligence/en/news-insights/trending/0EWqLjLpwod4EaJNw2f6tA2 content esgSubNav
In This List

Matin Spinning Mills fiscal Q3 profit climbs YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Matin Spinning Mills fiscal Q3 profit climbs YOY

Matin Spinning Mills Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to 88 poisha per share, a gain from 84 poisha per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 86.0 million taka, a gain from 82.4 million taka in the prior-year period.

The normalized profit margin climbed to 18.0% from 12.7% in the year-earlier period.

Total revenue decreased 26.6% on an annual basis to 477.1 million taka from 649.9 million taka, and total operating expenses fell 31.2% on an annual basis to 392.8 million taka from 570.8 million taka.

Reported net income grew 8.5% from the prior-year period to 106.1 million taka, or 1.09 taka per share, from 97.8 million taka, or 1 taka per share.

As of April 15, US$1 was equivalent to 77.75 taka.