Walton’s profit declines nearly 26%

Walton Hi-Tech Industries PLC reported a 25.91 per cent lower profit in the last financial year compared to a year ago.

The electronics manufacturer of Bangladesh made earnings per share of Tk 40.16 for the year that ended June 30 against Tk 54.21 a year ago, it said in a posting on the Dhaka Stock Exchange today. 

The net asset value per share stood at Tk 334.68 with revaluation and Tk 231.34 without revaluation, against Tk 311.59 and Tk 208.16 respectively.

The net operating cash flow per share was Tk 7.91 in the negative in the financial year. It was Tk 31.96 in 2020-21.

The board of Walton Hi-Tech Industries recommended a 250 per cent cash dividend for general public shareholders and a 150 per cent cash dividend for directors and sponsors for the year.