Monno Ceramic Industries Ltd, one of the leading ceramic tableware manufacturers of the country, saw its profit drop significantly year-on-year in the first quarter of the current fiscal year.

The profit in the July-September period amounted to Tk 30.17 lakh, down by a significant 89 percent year-on-year.

Earnings per share for the three-month period fell to Tk 0.08, according to a recent disclosure on Dhaka Stock Exchange (DSE).

It was Tk 0.74 in the same period last year.

The decline in quarterly earnings was in tune with a sharp 86 percent decline in annual profit in fiscal year 2023-24.

The annual profit for the fiscal year ending on June 30, 2024 was Tk 1.47 crore.

The company's net operating cash flow per share was Tk 0.26 in the negative for July-September quarter.

Shares of the company declined 0.31 percent to Tk 63.8 on the DSE yesterday.