Business

Kattali Textile’s Profit Rises 17% In Nine Months

Kattali Textile Limited – a manufacturer and exporter of garment products – has reported a 17% increase in profit during the first nine months of the current fiscal year. But in the third quarter through March this year, its profit fell 31% compared to the same period of the previous fiscal year. According to its stock exchange filings, in the July-March period, its earnings per share (EPS) rose to Tk1.05, an increase from Tk0.90 at the same time of fiscal 2020-21. The company said its EPS increased due to huge efficiency at cost of goods sold and operating expenditure. In the January-March period, its EPS declined to Tk0.20 against Tk0.29 in the same period of FY21. Kattali Textile got listed on local stock exchanges in 2018. In FY21, the company reported a profit of Tk6 crore, a 61% fall from the previous year. It paid a 10% cash dividend to its shareholders for FY21.