BD Lamps to set up new production line27 January 2023
Business Report :
Bangladesh Lamps Limited is going to set up a new production line to manufacture accessories at its existing factory in Narsingdi's Shibpur.
The board of directors has decided to set up the production line, said the company in a filing on the Dhaka Stock Exchange (DSE).
The expected cost for the project will be Tk 3.20 crore and the funds would be mobilised through bank borrowings.
Thanks to the new production line, it is expected that the net sales will be Tk 21.94 crore and the expected net profit before tax will be Tk 0.44 crore per year.
An enterprise of Transcom Group, Bangladesh Lamps Ltd also reported earnings per share (EPS) of Tk 1.74 for October-December of the fiscal year of 2022-23 against Tk 3.15 in the same quarter of 2021-22, according to the unaudited financial statements.
The EPS was Tk 3.51 in the July-December half of FY23 compared to Tk 4.42 in the identical period of FY22.
The EPS decreased owing to an increase in the finance cost and the prices of materials, said the company in another post on the premier bourse of Bangladesh.