Home ›› 02 Sep 2022 ›› Stock
Nahee Aluminum Composite Panel Limited, an aluminum products manufacturer and distributor, has decided to invest Tk 27 crore in a project to manufacture five new products.
The company’s board on Wednesday decided to invest in a new project for the manufacturing and sales of five products: cross tee, main tee, wall angle, runner for aluminum ceiling, and UPVC ceiling, said the company in a filing with the Dhaka Stock Exchange (DSE) on Thursday.
The total project cost has been estimated at Tk 27 crore while it will fetch an additional yearly revenue of about Tk 25 crore.
In the first nine months (Jul’21-Mar’22) of FY22, the revenue rose to Tk 71.03 crore and profit to Tk 16.45 crore, up from Tk 51.82 crore and Tk 11.21 crore respectively compared to the same period of the previous year.
From January through March 2022, the company’s total revenue rose to Tk 37.20 crore, an increase from Tk 19.35 crore in the same period of the previous fiscal year. Its net profit stood at Tk 8.83 crore, up from Tk 4.21 crore in FY21.
Its earnings per share (EPS) stood at Tk 1.29 for Jan-Mar’22 as against Tk 0.62 for the same period of 2021. EPS was Tk 2.41 for Jul’21-Mar’22 as against Tk 1.64 for the same period of the previous year.
Nahee Aluminum paid a 10 per cent cash dividend to its shareholders for 2021. The company has reported earnings per share (EPS) of Tk 2.15 for FY21, which was Tk 2.31 in FY20. Its net asset value (NAV) per share stood at Tk 17.38 in the year ended on June 30, 2021.
The company’s share price declined from Tk 75.60 to Tk 72.30 on the Dhaka Stock Exchange on Thursday.
It was listed on the bourses in 2017. Nahee Aluminum Composite’s factory is located at Sreepur in Gazipur on 12 acres of land.
