trending Market Intelligence /marketintelligence/en/news-insights/trending/Vh_GrbK7r6DMe8CukRSMeA2 content esgSubNav
In This List

Imam Button Industries fiscal Q3 loss narrows YOY

Blog

Gold Market Outlook

Blog

Expand Your Perspective: Intelligence

Blog

The evolving world of central bank digital currencies

Podcast

Next in Tech | Episode 66: Connected vehicles in transition


Imam Button Industries fiscal Q3 loss narrows YOY

Imam Button Industries Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to a loss of 4 poisha per share, compared with a loss of 11 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 a loss of 349,510 taka, compared with a loss of 829,820 taka in the prior-year period.

The normalized profit margin climbed to negative 2.4% from negative 7.8% in the year-earlier period.

Total revenue increased 38.9% year over year to 14.8 million taka from 10.7 million taka, and total operating expenses grew 31.0% from the prior-year period to 15.0 million taka from 11.5 million taka.

Reported net income totaled a loss of 559,220 taka, or a loss of 7 poisha per share, compared to a loss of 1.3 million taka, or a loss of 17 poisha per share, in the prior-year period.

As of April 28, US$1 was equivalent to 78.34 taka.