The shares of Alltex Industries, the home textile exporter, which had been incurring losses for the last few years, jumped around 19 per cent on sudden profit.
The shares of the company, reportedly, jumped 19.1 per cent on 1 February at the Dhaka Stock Exchange (DSE) as soon as the loss-making company reported profits for the October-December quarter.
Alltex Industries, reportedly, posted Taka 1.36 in earnings per share (EPS) for the second quarter of the current fiscal year even as the company has, reportedly, announced 1 per cent cash dividend for the general shareholders only.
The company on his part, reportedly, underlined it made a good profit in the quarter thanks to orders that caused its turnover to go up significantly even as reports suggest Alltex had been consistently incurring huge losses since 2017.
Alltex further, reportedly, added it would pay a 1 per cent interim cash dividend to its external shareholders out of the quarterly profit, while adding Directors and sponsors other than the Investment Corporation of Bangladesh will not avail the same.
