Pran posts lower profit in July-September

Agricultural Marketing Company Ltd (Pran) posted a 10 per cent decline in profit to Tk 1.56 crore in the July-September quarter of 2022-23.

The largest food processor in Bangladesh made a profit of Tk 1.73 crore during the same three-month quarter of 2021-22.

The earnings per share were Tk 1.95 in the first quarter of the current financial year, down from Tk 2.16 a year earlier, showed the unaudited financial statements of Pran.

The net operating cash flow per share, however, rose to Tk 5.72 in July-September of 2022 from Tk 3.37 a year earlier.

The net asset value per share of Pran was Tk 88.54 on September 30 and Tk 86.59 on June 30.