HR Textile posts Tk 8.24 crore loss in Q1

HR Textile Mills plunged into losses in the first quarter of financial year 2024-25. 

The garments manufacturer reported a Tk 8.24 crore loss in the July-September quarter.

As a result, the loss per share was Tk 2.82 for the quarter, as compared to earnings per share of Tk 0.94 in the same period previous year, according to a disclosure on the Dhaka Stock Exchange (DSE) website. 

Shares of HR Textiles declined 2.21 percent to Tk 27.8 as of 2:02 pm today at the DSE. 

The company's net operating cash flow per share deteriorated,  recording Tk 2.72 in the negative compared to Tk 2.83 a year earlier.

HR Textile, a subsidiary of Pride Group, specialises in export-oriented knitwear manufacturing, catering to markets in Europe, Canada, and Asia.