BEXIMCO Ltd., a local conglomerate, faced a substantial setback in the first six months of the 2023-24 fiscal year, with sales plummeting by a staggering 64 per cent, equivalent to Taka 2,500 crore.
This is as per reports, which added the decline was attributed to a decrease in both export and domestic demand even if according to the company’s financial report, goods amounting to Taka 1,441 crore were sold in the latter half of 2023.
During this period, the company experienced an increase in the cost of revenue, primarily influenced by disruptions in the international supply chain due to the US dollar crisis, the Russia-Ukraine war, and escalated gas and electricity prices.
The surge in cost of revenue, representing the total costs incurred in the production and sale of goods or services, resulted in a 99.6 per cent year-on-year reduction in the company’s profit, bringing it down to Taka 2 crore in the last six months of 2023.
Consequently, the earnings per share witnessed a sharp decline from Taka 7.35 in the first half of FY ’23 to Taka 0.03.
BEXIMCO engages in various industries, encompassing trading, textile, denim, knitting, IT, fisheries, and real estate.
Bharat Tex Special Report 2026 
