Pharma Aids’ profit down 30% in 2021-22

Pharma Aids Limited made a profit of Tk 3.48 crore in the last financial year that ended on June 30.

The profit, however, was down more than 30 per cent from Tk 5.03 crore registered in 2020-21. 

The manufacturer and supplier of pharmaceutical glass ampoules reported earnings per share of Tk 11.14 for the last financial year, a decrease from Tk 16.11 in 2020-21.

"The EPS significantly decreased mostly due to the deferred tax expense and tax liability, provision for bad debt expenses, changes in accounting estimates with respect to provision for gratuity, and write-off of an unsettled VAT case that was shown as an asset in prior years," said the company in a filing on the Dhaka Stock Exchange today.

The board of directors has recommended a 50 per cent cash dividend for 2021-22.