Walton Hi-tech Industries logged a fall in profits in the January to March period of 2022-23 financial year due to higher costs of raw materials.

The profits of the local electric and electronic product maker plunged 36 per cent year-on-year to Tk 235 crore in the third quarter.

Its earnings per share (EPS) fell to Tk 7.78 in the three months period while it was Tk 12.34 in the same period of the previous year.

The EPS stood at Tk 8.25 in the first nine months of the financial year, down from Tk 27.07 in the same period previous year.

"EPS has been decreased due to price hike of raw materials and freight costs which lead to decline in overall profitability," the company said in its financial reports.