Confidence Cement's profit down 20pc in Oct-Dec quarter
Dhaka, Feb. 20 -- Confidence Cement Ltd reported a Tk 22.51 crore profit in the October-December quarter of the current financial year.
The profit was, however, declined nearly 20 per cent from the Tk 28.09 crore the cement manufacturer made in the last quarter of the previous financial year of 2021-22.
Thus, the consolidated earnings per share (EPS) were Tk 2.74 in October-December of 2022-23 against Tk 3.42 in the same quarter a year earlier, according to its unaudited financial statements.
The EPS decreased due to a higher raw material price in the international market and the foreign currency fluctuation loss at home, said Confidence Cement in a filing on the Dhaka Stock Exchange on Sunday.
The profit fell to Tk 36.39 crore in the...
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