trending Market Intelligence /marketintelligence/en/news-insights/trending/5YnmiUbbW3KOBUp8u05sEA2 content esgSubNav
In This List

Maksons Spinning Mills fiscal Q1 profit falls 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

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Maksons Spinning Mills fiscal Q1 profit falls YOY

Maksons Spinning Mills Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, came to 9 poisha per share, a decrease of 35.2% from 13 poisha per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 20.3 million taka, a decrease of 35.2% from 31.3 million taka in the prior-year period.

The normalized profit margin declined to 4.0% from 6.6% in the year-earlier period.

Total revenue rose 7.2% year over year to 511.6 million taka from 477.3 million taka, and total operating expenses increased 9.2% on an annual basis to 427.2 million taka from 391.3 million taka.

Reported net income declined 35.3% year over year to 22.7 million taka, or 10 poisha per share, from 35.1 million taka, or 15 poisha per share.

As of Feb. 17, US$1 was equivalent to 77.89 taka.