Runner Automobiles’ Q2 profit rises 600%
Runner Automobiles witnessed an impressive growth in the second quarter of fiscal year 2024-25, driven by higher sales of its three-wheelers.
The company's profit went up a robust 600 percent year-on-year in the October-December quarter of FY25 reaching Tk 3.97 crore.
Its consolidated earnings per share (EPS) rose to Tk 0.35, compared to Tk 0.05 in the same period last year, according to a disclosure on the Dhaka Stock Exchange.
The company attributed the growth to the impressive performance of its three-wheeler business, significantly boosting revenue.
Shares of the company declined 1.28 percent to Tk 30.8 as of mid-day trading today at the DSE.
For the July-December period, the company reduced its consolidated loss per share to Tk 0.37 from a loss per share of Tk 2.22 a year earlier.
Net operating cash flow per share increased to Tk 14.11, up from Tk 13.62, which the company said was driven by higher sales collection and reduced payments to creditors.
Runner Automobiles, established in 2000, is a leading Bangladeshi manufacturer of motorcycles and three-wheelers.
Its manufacturing facility is situated in Bhaluka, Mymensingh.
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