Fu-Wang Ceramic posts lower profit in October-December quarter

Fu-Wang Ceramic Industries Ltd's profit fell about 22 per cent to Tk 95.38 lakh in the second quarter of the current financial year.

The cement manufacturer made a profit of Tk 1.23 crore in the October-December quarter of the previous financial year of 2021-22.

Thus, Fu-Wang Ceramic Industries reported earnings per share of Tk 0.07 for October-December of 2022-23 compared to Tk 0.09 in the identical quarter a year earlier, according to the un-audited financial statements.

Its profit fell to Tk 1.64 crore in the first half of FY23 from Tk 2.32 crore in the same period of FY22, a decrease of 29.41 per cent.

So, its EPS was Tk 0.12 in July-December in the current financial year against Tk 0.17 in the July-December of FY22.

The net operating cash flow per share of Fu-Wang Ceramic Industries improved to Tk 0.29 in July-December of FY23 from Tk 0.20 in FY22. The net asset value per share rose to Tk 12.35 on December 31 from Tk 11.78 on June 30.