Income of numerous material cos down: 10 downsized to 'Z' class, portions of 16 plunge underneath face esteem

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The EPS (income per share) of greater part number of recorded material organizations declined while somewhere in the range of eight others acquired misfortune in the last financial year (FY) contrasted with past FY. 

Then again, about 10 organizations were downsized to 'Z' classification in various times for not suggesting profit or not holding yearly broad gathering (AGM). 

In another improvement, portions of 16 organizations plunged underneath their presumptive worth on the stock trades following financial specialists' less investment. 

Many recorded material organizations neglected to execute according to financial specialists' desire regardless of the nation's RMG division posted more than 11 percent development in sends out in the FY 2019. 

As indicated by showcase insiders, numerous material organizations are selling things at costs lower than the creation costs. 

Asif Moyeen, overseeing executive of Far East Knitting and Dyeing Industries, said the benefits of material organizations are ceaselessly declining because of the challenge of assembling items at most reduced costs. 

"The fare volume expanded yet the benefit declined following the value war among the organizations for assembling products at the most minimal cost. It's the truth of the general part," Mr. Moyeen said while worrying on reasonable costs for long haul manageability of the business. 

The material division is the greatest segment of the capital market as far as the quantity of organizations. 

Out of 55 organizations, 44 so far revealed their fiscal reports for the year finished on June 30, 2019. 

As per data of Dhaka Stock Exchange (DSE), the EPS of 22 organizations declined, while eight different organizations revealed misfortune for the period finished on June 30, 2019. 

Minhaz Mannan Emon, a DSE chief, said there are high points and low points in the benefits of each industry. 

"Be that as it may, the majority of the material organizations superfluously expanded their paid-up capitals before opening up to the world. Subsequently, the probability of rising EPS has decreased in the midst of good business," Emon said. 

Just 14 organizations saw ascend in EPS in the last FY contrasted with earlier year. 

The organizations which saw ascend in EPS are Apex Spinning and Knitting Mills, Envoy Textile, Evince Textiles, HR Textile, Hwa Well Textiles (BD), Kattali Textile, Metro Spinning, Pacific Denims, Queen South Textile Mills, Saiham Cotton Mills, Simtex Industries, Sonargaon Textiles, Stylecraft and VFS Thread Dyeing. 

Of 22 organizations whose benefits declined, seven saw adjustment in EPS going from 21 percent to 90 percent. 

Of those organizations, the EPS of Alif Industries declined 21 percent to close at Tk 2.74, Desh Garments 39 percent to Tk 2.67, Generation Next Fashions 53.26 percent to Tk 0.43, Maksons Spinning Mills 75.51 percent to Tk 0.12, Malek Spinning Mills 35 percent to Tk 0.76, Matin Spinning Mills 68 percent to Tk 0.97, and Tosrifa Industries 90 percent to Tk 0.12. 

Alltex Industries announced lost Tk 6.09 percent, Dulamia Cotton Spinning Mills Tk 2.28, Familytex (BD) Tk 0.07, Mozaffar Hossain Spinning Mills Tk 0.93, R. N. Turning Mills Tk 15.47, Saiham Textile Mills Tk 0.97, and Tallu Spinning Mills Tk 1.13 for the year finished on June 30, 2019. 

The offer costs of some of material organizations directly are much underneath their assumed worth of Tk 10 each. 

On Thursday, the offer cost of Alif Manufacturing Company shut at Tk 7.60, Alltex Industries at Tk 8.20, C and A Textile at Tk 1.90, The Dacca Dyeing and Manufacturing at Tk 3.20, Delta Spinners at Tk 4.50, Familytex (BD) at Tk 2.20, Generation Next Fashions at Tk 2.40, Maksons Spinning Mills at Tk 4.30, and Metro Spinning at Tk 6.0. 

Of different organizations, the offer cost of Mozaffar Hossain Spinning Mills shut at Tk 9.0, Mithun Knitting and Dyeing at Tk 7.0, R. N. Turning Mills at Tk 3.0, Tallu Spinning Mills at Tk 3.60, Tung Hai Knitting and Dyeing at Tk 2.0, Zaheen Spinning at Tk 6.30, and Zaheentex Industries at Tk 3.50. 

The organizations moved to 'Z' classification are Alltex Industries, C and A Textile, The Dacca Dyeing and Manufacturing, Delta Spinners, Dulamia Cotton Spinning Mills, Generation Next Fashions, Mithun Knitting and Dyeing, Tallu Spinning Mills, Tung Hai Knitting and Dyeing, and Zaheentex Industries. 

Of the organizations which unveiled fiscal reports for the FY 2019, 22 have prescribed profit running from 1.0 percent to 10 percent. The organizations prescribed profit as money or stock or both. 

Then again, 11 organizations have prescribed profit extending from 12 percent to 20 percent as money or stock or both. 

Stylecraft has prescribed 150 percent stock profit.

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