4 companies release Q3 financial reports

Four listed companies published their unaudited third-quarterly (December-March) financial reports on Monday. The companies are Ambee Pharmaceuticals, Argon Denims, Evince Textiles, and Renwick Jajneswar & Co (Bd), as per separate filings available on the Dhaka Stock Exchange (DSE) website.

Ambee Pharmaceuticals reported earnings per share (EPS) of Tk 0.70 for the December-March quarter of the current fiscal year, against Tk 0.40 for the same quarter last fiscal year. The company’s net asset value (NAV) per share was Tk 19.02 till March 2023.

The company reported a net profit of Tk 9.60 lakh in the third quarter of FY23. Incorporated in 1976, Ambee Pharmaceuticals went public in 1986. It started with 17 joint venture products and now has a portfolio of 76 products.

The company produces various drugs, medicines, pharmaceuticals, chemicals, and medical products.

On the other hand, Argon Denims reported EPS of Tk 0.21 for the third quarter of the current fiscal, against a loss per share of Tk 0.47 for the corresponding quarter of the last fiscal.

The company’s net asset value per share was Tk 23.89 till March 2023.

Meanwhile, Evince Textiles reported earnings per share of Tk 0.14 for the third quarter, down from Tk 0.19 for the corresponding quarter of last fiscal.

Till March this year, the company’s net asset value per share was Tk 12.45. In the first quarter of FY23, Evince Textiles suffered a loss of Tk 6.67 crore. The company was listed on the stock market in 2016 and reported a net profit of Tk 18 crore in the listing year.

At the same time, Renwick Jajneswar & Co (Bd) reported a loss per share of Tk 8.77 for the third quarter of FY23, against the loss per share of Tk 7.8 for the corresponding quarter last fiscal.

The company’s net asset value per share was negative Tk 83.57 till March 31, 2023.

The company provided explanations for significant changes in its earnings per share (EPS), net operating cash flow per share (NOCFPS), and net asset value per share (NAVPS).

The decrease in sales volume caused a negative increase in EPS, while a decrease in payments for costs and expenses resulted in a positive increase in NOCFPS, it stated.