Business

Dacca Dyeing’s FY24 losses surge 344% 

Gas line disconnection by Titas primary reason for the loss 
Photo: Collected

Dacca Dyeing & Manufacturing Co Ltd reported a staggering 344 percent year-on-year increase in losses primarily because of the gas line disconnection by Titas. 

The company recorded a loss of Tk 22.48 crore for the fiscal year ending June 30, 2024, with a loss per share rising to Tk 2.58 from Tk 0.58 in the previous financial year, according to a disclosure on the Dhaka Stock Exchange (DSE) website.

Shares of Dacca Dyeing declined by 2.38 percent to Tk 12.3 in midday trading today at the DSE. 

The company cited a significant reduction in turnover due to the gas line disconnection of its factory as a major factor in the increased losses. 

Additionally, provisions for doubtful debts on receivables, as well as advances and prepayments, have further impacted financial results.

The company's net operating cash flow per share (NOCFPS) stood at Tk 1.47 in FY24, down from Tk 1.69 in the previous year. 

The board of the company recommended no dividend for the year ended June 30, 2024.

Comments

Dacca Dyeing’s FY24 losses surge 344% 

Gas line disconnection by Titas primary reason for the loss 
Photo: Collected

Dacca Dyeing & Manufacturing Co Ltd reported a staggering 344 percent year-on-year increase in losses primarily because of the gas line disconnection by Titas. 

The company recorded a loss of Tk 22.48 crore for the fiscal year ending June 30, 2024, with a loss per share rising to Tk 2.58 from Tk 0.58 in the previous financial year, according to a disclosure on the Dhaka Stock Exchange (DSE) website.

Shares of Dacca Dyeing declined by 2.38 percent to Tk 12.3 in midday trading today at the DSE. 

The company cited a significant reduction in turnover due to the gas line disconnection of its factory as a major factor in the increased losses. 

Additionally, provisions for doubtful debts on receivables, as well as advances and prepayments, have further impacted financial results.

The company's net operating cash flow per share (NOCFPS) stood at Tk 1.47 in FY24, down from Tk 1.69 in the previous year. 

The board of the company recommended no dividend for the year ended June 30, 2024.

Comments

বেথলেহেমের নেটিভিটি চার্চের ড্রোন থেকে নেওয়া ছবি। ফাইল ছবি: এএফপি

যুদ্ধের অশুভ ছায়ায় এবারো বেথলেহেমে সীমিত আকারে বড়দিনের উৎসব

টানা দ্বিতীয় বছরের মতো ইসরায়েল অধিকৃত পশ্চিম তীরের বেথলেহেমে বড়দিনে উৎসবমুখর পরিবেশ দেখা যায়নি বলে জানিয়েছেন প্রত্যক্ষদর্শীরা। 

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