** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

Ring Shine Textiles incurs Tk 19cr loss in Oct-Dec

30 March 2023

Business Report :
Ring Shine Textiles Limited suffered a Tk 19.01 crore loss in the October-December quarter of the current financial year of 2022-23.
This compared to the Tk 50.03 lakh profit the textile manufacturer posted in the same quarter a year earlier.
Thus, the earnings per share (EPS) were a negative Tk 0.38 for October-December of FY23 against a positive EPS of Tk 0.01 in the similar three-month period of 2021-22, according to the unaudited financial statements.
This raised the loss to Tk 38.02 crore in July-December of FY23, which was Tk 17.01 crore in the identical half of 2021-22.
As a result, the loss per share stood at Tk 0.76 in the first half of the ongoing financial year compared to Tk 0.34 in the July-December of FY22.
The EPS was negative because of the incurring loss, highly impacted by the increase in financial expenses, said the textile company in a filing on the Dhaka Stock Exchange.
The net operating cash flow per share rose to a positive Tk 0.30 in July-December from a negative Tk 0.70 in the same half of FY22.

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