Aramit Cement’s losses more than double

Aramit Cement Limited suffered a Tk 17.11 crore loss in the second quarter of the current financial year.

The loss stood at Tk 7.28 crore in the October-December quarter of 2021-22.

The cement manufacturer, thus, reported earnings per share of Tk 5.05 negative in October-December of 2022-23, which was Tk 2.15 negative in the second quarter of 2021-22.

Aramit Cement reported a loss of Tk 26.05 crore in the first half of the ongoing financial year, up from a loss of Tk 13.92 crore in the identical period of FY22.

The net operating cash flow per share of the company, however, returned to positive territory in July-December: it was Tk 3.57 in the first half of FY23 compared to a negative Tk 0.15 in July-December of FY22.

The net asset value per share fell to Tk 4.93 on December 31 from Tk 12.58 on June 30.

Shares of Aramit Cement closed 0.87 per cent lower at Tk 22.70 on the Dhaka Stock Exchange yesterday.