Home ›› 12 May 2022 ›› Stock
Aman Feed Limited will sign an agreement with Star Feed Mills Limited to increase production and sales.
Under the agreement, all works related feed production including the supply of raw materials will be done by Aman Feed Limited and a maximum of 6,000 metric tonnes (MT) of finished broiler and layer feed per month will be produced with effect from Thursday for twelve consecutive months, said the Aman Feed in a filing with the Dhaka Stock Exchange on Wednesday.
Once the agreement is done, the maximum sale volume may increase by up to 72,000 metric tonnes (MT) and the sale value is estimated at approximately Tk 345 crore during the agreement period and the profit will increase by Tk 10 crore, it said.
Currently, its production capacity is 10 MT per hour with a monthly estimated production capacity of 6000 MT.
It has more than 200 dealers across the country.
Incorporated in 2005, Aman Feed is engaged in the manufacturing and distribution of high-quality poultry feed, fish feed, shrimp feed, and cattle feed.
On the day, its share price gained 1.67 per cent to Tk 42.60 on the DSE. Its market capitalisation is Tk 548 crore as of the day and its paid-up capital is Tk130 crore.
