Dragon Sweater posts lower profit

Dragon Sweater and Spinning Limited posted a 5.17 per cent year-on-year decline in profit in the financial year of 2021-2022. 

The export-oriented apparel manufacturer made a profit of Tk 23.18 crore in 2021-22, which was Tk 24.45 crore in 2020-21.

The company reported earnings per share of Tk 1.10 in 2021-22. It was Tk 1.16 a year earlier.

The net asset value per share rose to Tk 17.67 in the last financial year from Tk 16.88 a year ago, while the net operating cash flow per share fell to Tk 0.002 from Tk 0.429 during the period.

The board of directors of Dragon Sweater has recommended a 2 per cent cash dividend for the year that ended on June 30.

Shares of Dragon Sweater traded at Tk 17 on the Dhaka Stock Exchange yesterday.