Thanks to high yarn prices, Maksons Group’s sister concerns, Metro Spinning Mills and Maksons Spinning, have witnessed stellar growth in the July-September quarter of the fiscal 2021-22 even as the highest earnings, US $ 1.90 billion, came from knitwear shipment, while woven items fetched US $ 1.51 billion, both posting over 41 per cent growth from a year-ago period.
At the end of the first quarter, Maksons Spinning Mills earnings per share grew 582 per cent to Taka 0.75, while Metro Spinning’s earnings per share jumped 700 per cent to Taka 0.40.
Meanwhile, speaking to the media, a senior official of the Group, reportedly, stated despite the higher price of raw material in the global market, the two companies achieved the growth as the yarn manufacturers bought the cotton earlier when the price was low while adding they sold the finished goods at a higher price.
Reports further claimed Maksons declared a 11 per cent cash dividend for the shareholders for the fiscal year 2020-21 and Metro Spinning recommended a 5 per cent stock dividend.
