Fu-Wang Ceramic posts lower profit in Oct-Dec

Fu-Wang Ceramic Industries Ltd's profit fell about 22 per cent to Tk 95.38 lakh in the second quarter of the current financial year.    

The cement manufacturer made a profit of Tk 1.23 crore in the October-December quarter of the previous financial year of 2021-22.

Thus, Fu-Wang Ceramic reported earnings per share of Tk 0.07 for October-December of 2022-23 compared to Tk 0.09 in the identical quarter a year earlier, according to the un-audited financial statements.

Its profit fell to Tk 1.64 crore in the first half of FY23 from Tk 2.32 crore in the same period of FY22, a year-on-year decrease of 29.41 per cent.

So, its EPS was Tk 0.12 in July-December in the ongoing financial year against Tk 0.17 in the July-December of FY22.

The net operating cash flow per share of the company improved to Tk 0.29 in the first half of FY23 from Tk 0.20 in FY22. The net asset value per share rose to Tk 12.35 on December 31 from Tk 11.78 on June 30.

Shares of Fu-Wang Ceramic were unchanged at Tk 17.40 on the Dhaka Stock Exchange yesterday.