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Jute Spinners Limited has posted a 6 per cent drop in its earnings for the third quarter of the financial year 2021-22.
Its earnings per share (EPS) was Tk 10.83 in the January-March period, down from Tk 11.57 recorded in the same period a year ago, the company said in a filing with the Dhaka Stock Exchange (DSE) on Sunday.
The net operating cash flow per share of the company was nil.
Its net asset value (NAV) per share (with revaluation) was negative Tk 426 and Tk 393 as of June 30, 2021.
However, the negative financial disclosure failed to discourage investors to bet on the stocks. Its share price rose 0.22 per cent to Tk 138.
As of Sunday, Jute Spinners has Tk 23 crore in market capitalization, Tk 1 crore in paid-up capital and Tk 26 crore in negative reserve.
It got listed on the capital market in 1984.
