Listed textile manufacturers in Bangladesh have registered staggering 152 per cent higher profits year-on-year in the October to December period of the current financial year of 2021-22.
Media reports maintained this adding of the 58 listed textile and garment companies, 44 have, reportedly, disclosed their earnings data for the last two years even as the total profits of the 44 companies rose to Taka 250 crore in the second quarter of the financial year even if the same was Taka 99 crore in the same period of the previous year.
Meanwhile, speaking to the media, Chief Executive Officer of Shanta Asset Management — it is predominantly into fund management services and boasts of a proven track record of offering dedicated investment management services to a wide range of clients — Emran Hasan underlined performances of textile companies were very impressive this year while adding, “Due to the higher yarn prices, their profits grew and the price rise was expected as many of them announced expansions earlier…”
