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Dacca Dyeing & Manufacturing fiscal Q1 profit climbs YOY

Dacca Dyeing & Manufacturing Co. Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to 17 poisha per share, a gain from 17 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 15.5 million taka, an increase from 14.9 million taka in the year-earlier period.

The normalized profit margin climbed to 7.7% from 7.3% in the year-earlier period.

Total revenue came to 202.6 million taka, compared with 203.9 million taka in the prior-year period, and total operating expenses declined year over year to 129.4 million taka from 133.0 million taka.

Reported net income rose year over year to 21.1 million taka, or 24 poisha per share, from 20.2 million taka, or 23 poisha per share.

As of Dec. 15, US$1 was equivalent to 77.29 taka.