trending Market Intelligence /marketintelligence/en/news-insights/trending/4-ln0kMOPVCXK0dbPBkUPQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Alltex Industries swings to loss in fiscal Q4

A Community Bank Shares its “Going Green” Story with Stakeholders

Podcast

Street Talk Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

European Energy Insights February 2021


Alltex Industries swings to loss in fiscal Q4

4916114 said its normalized net income for the fiscal fourth quarter ended June 30 came to a loss of 3 poisha per share, compared with 2.09 taka per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 1.9 million taka, compared with income of 117.6 million taka in the prior-year period.

The normalized profit margin dropped to negative 0.9% from 34.7% in the year-earlier period.

Total revenue declined 35.2% on an annual basis to 219.3 million taka from 338.4 million taka, and total operating expenses declined 30.0% year over year to 210.1 million taka from 300.0 million taka.

Reported net income came to a loss of 10.6 million taka, or a loss of 19 poisha per share, compared to income of 167.5 million taka, or 2.98 taka per share, in the prior-year period.

For the year, the company's normalized net income totaled 85 poisha per share, a decline of 47.2% from 1.60 taka per share in the prior year.

Normalized net income was 47.4 million taka, a decline of 47.3% from 89.8 million taka in the prior year.

Full-year total revenue declined 31.9% year over year to 1.52 billion taka from 2.24 billion taka, and total operating expenses decreased 32.0% year over year to 1.39 billion taka from 2.05 billion taka.

The company said reported net income fell 47.5% year over year to 64.4 million taka, or 1.15 taka per share, in the full year, from 122.7 million taka, or 2.19 taka per share.

s of Nov. 25, US$1 was equivalent to 77.32 taka.Alltex Industries Ltd.

4916114 said its normalized net income for the fiscal fourth quarter ended June 30 came to a loss of 3 poisha per share, compared with 2.09 taka per share in the year-earlier period.