Bangas’ profit surges by 33% in H1

Biscuit manufacturer Bangas Ltd posted a 33 per cent year-on-year growth in net profit in the July-December half of the fiscal year 2022-23.

The company’s net profit stood at Tk 0.91 crore in H1 of the current fiscal year which was Tk 0.68 crore in the same period last fiscal, according to a Dhaka Stock Exchange (DSE) filing posted Tuesday.

The listed company’s earnings per share (EPS) rose to Tk 0.12 for the July-December period of FY23 from Tk 0.09 for the same period a year ago.

According to the half yearly financial statement ended on December 31, 2022, the company’s net operating cash flow per share (NOCFPS) was Tk 0.51 against Tk 0.43 for the same period last fiscal year.

Its net asset value (NAV) per share stood at Tk 21 as on December 2022 which was Tk 21.11 till December 2021.

Bangas Limited, which got listed on stock exchanges in 1984, produces and markets sweet and salted biscuits, and bread under the brand name—Bangas.

Its most popular biscuits include Grand Choice, Evening Touch, Lovely, Wonder, Glucose, and Lexus which are sold in the local market. The company gave a 3 per cent cash dividend to its shareholders for FY22.