Aman Cotton Fibrous Ltd reported losses from January-March 2024 declining at 91 per cent annually.
Compared to Taka 6.95 crore, the loss in the third quarter of the fiscal year was substantially lower at Taka 60.49 lakh. The yarn producer reported a decrease in losses of 11.13 per cent in raw cotton prices, which is a crucial production material, and a 3.4 per cent rise in sales of carded yarn in a filing on the Dhaka Stock Exchange.
In contrast, Aman Cotton’s NOCFPS (net operating cash flow per share) dropped to Taka 0.30 for the first nine months of FY ’24. In the same fiscal year 2022–2023 it was Taka 6.38.
As per the unaudited financial accounts, the decrease in the NOCFPS was attributed to the company’s increasing payments to suppliers, employees, and other stakeholders.
In 2005, Aman Cotton was incorporated. At the moment, it produces cotton yarn, which includes a carded, combed, and semi-combed ring spun grey yarn made entirely of cotton that can be used for weaving and knitting.
