trending Market Intelligence /marketintelligence/en/news-insights/trending/AugVvXiL5ja4rAQgtAvF9A2 content esgSubNav
In This List

Alhaj Textile 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


Alhaj Textile Mills fiscal Q1 profit falls YOY

Alhaj Textile Mills Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to 17 poisha per share, a decrease of 32.8% from 26 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 3.5 million taka, a decline of 32.8% from 5.2 million taka in the year-earlier period.

The normalized profit margin declined to 6.4% from 7.5% in the year-earlier period.

Total revenue declined 22.0% on an annual basis to 54.1 million taka from 69.4 million taka, and total operating expenses decreased 16.8% year over year to 51.9 million taka from 62.3 million taka.

Reported net income decreased 52.1% year over year to 3.9 million taka, or 19 poisha per share, from 8.2 million taka, or 41 poisha per share.

As of Nov. 14, US$1 was equivalent to 77.31 taka.