trending Market Intelligence /marketintelligence/en/news-insights/trending/yuvfuLGyAGSG7wCnntSv1w2 content esgSubNav
In This List

Beximco Synthetics swings to loss in Q1

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

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Beximco Synthetics swings to loss in Q1

Beximco Synthetics Ltd. said its normalized net income for the first quarter was a loss of 9 poisha per share, compared with 14 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 8.2 million taka, compared with income of 12.0 million taka in the prior-year period.

The normalized profit margin declined to negative 3.4% from 3.3% in the year-earlier period.

Total revenue declined 31.5% year over year to 245.1 million taka from 357.8 million taka, and total operating expenses decreased 27.0% year over year to 222.7 million taka from 304.9 million taka.

Reported net income totaled a loss of 13.9 million taka, or a loss of 16 poisha per share, compared to income of 16.3 million taka, or 19 poisha per share, in the year-earlier period.

As of May 15, US$1 was equivalent to 77.91 taka.