Dhaka, Nov. 9 -- Eastern Cables, the state-run wire maker, returned to profit in the fiscal year 2021-22 after suffering losses in the past three fiscal years.

The cable manufacturer raked a profit of Tk 8.98 million in the fiscal year 2021-22 ended in June as against a loss of Tk 124 million in the FY2020-21.

As a result, earnings per share rose to Tk 0.34 in FY22 from a loss of Tk 4.68 per share in the previous year.

Accordingly, the Board of Directors has recommended 2.0 per cent cash dividend for the year ended on June 30, 2022.

The Eastern Cables, a subsidiary of the Bangladesh Steel & Engineering Corporation (BSEC), had been incurring huge losses.

Eastern Cables got listed on the Dhaka Stock Exchange (DSE) in 1986. The company ...