Ring Shine Textiles Limited — founded in 1998, Ring Shine started its journey by setting up yarn spinning and dyeing units only to expand into the production of knit fabrics — had to bear a loss to the tune of Taka 19.01 crore in the October-December quarter of the current financial year.
This is in sharp contrast to the Taka 50.03 lakh profit that Ring Shine Textiles posted in the same quarter of the previous year.
This is as per media reports which citing the un-audited financial statements of the company went on to further add the earnings per share (EPS) for Ring Shine Textiles were a negative Taka 0.38 for October-December of FY23 against a positive EPS of Taka 0.01 in the similar three-month period of 2021-22 even as this raised the loss to Taka 38.02 crore in July-December of FY23, which in the identical half of 2021-22 was Taka 17.01 crore.
Consequently, in the first half of the ongoing financial year the loss per share stood at Taka 0.76 compared to that of Taka 0.34 in the July-December of FY22.
