trending Market Intelligence /marketintelligence/en/news-insights/trending/7Ik1jTtp3LQaiBOBD9zVdA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Dulamia Cotton Spinning Mills fiscal Q3 loss widens YOY

Blog

ESG hits the mainstream for European private equity sponsors

Blog

What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcast

Episode 1: Origins of 451 Research - Part 1


Dulamia Cotton Spinning Mills fiscal Q3 loss widens YOY

Dulamia Cotton Spinning Mills Ltd. said its normalized net income for the fiscal third quarter ended March 31 came to a loss of 57 poisha per share, compared with a loss of 22 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 a loss of 4.3 million taka, compared with a loss of 1.6 million taka in the prior-year period.

The normalized profit margin dropped to negative 7.7% from negative 2.5% in the year-earlier period.

Total revenue declined 14.4% year over year to 56.4 million taka from 65.9 million taka, and total operating expenses decreased 8.0% year over year to 60.8 million taka from 66.1 million taka.

Reported net income came to a loss of 6.9 million taka, or a loss of 92 poisha per share, compared to a loss of 2.6 million taka, or a loss of 35 poisha per share, in the prior-year period.

As of May 4, US$1 was equivalent to 78.37 taka.