ACI posts 9.4pc higher profit in 2021-22

ACI Limited posted a 9.4 per cent higher profit in the last financial year that ended on June 30.

The conglomerate raked in Tk 37.96 crore in profit in 2021-22 compared to Tk 34.69 crore a year earlier.

The company reported consolidated earnings per share of Tk 5.23 in the last year, which was Tk 4.78 a year prior.

The consolidated net asset value per share rose to Tk 141.98 from Tk 141.43, while the consolidated net operating cash flow per share surged to Tk 4.24 from a negative Tk 25.96 in 2020-21.

The board of directors has recommended a 50 per cent cash dividend and a 5 per cent stock dividend for 2021-22. Stocks of ACI were unchanged at Tk 273 on the Dhaka Stock Exchange.

ACI Formulations also declared a 25 per cent cash dividend for its shareholders. Its earnings per share stood at Tk 5.14 in the last financial year, up from Tk 4.52 a year ago.