Staff Reporter: Regent Textile Mills Limited has completed the factory renovation, expansion and modernization (BMRE) on its textile project with the funding of initial public offering (IPO). There a new unit has been set up, wherein the machinery has been installed and the experimental production operation has been successfully carried out.
The company will start commercial production on March 22 at the new unit. It is expected to increase the production capacity of the company more than ever.
Regent Textile gave a 5 percent bonus dividend to shareholders after reviewing its audited financial reports for the last 20 years ending June 5. The company's Earnings per Share (EPS) for the last accounting year was 5 paise and 5 paise (revalued) in the same period of the previous year. On June 5, the Net Asset Value (NAVPS) for the stock stood at Tk 5.25 paise and Tk 3 paise at the same time the previous year.
Meanwhile, according to the latest unaudited financial report, Regent Textile's net profit after tax in the first half of the current fiscal year (July-December) was Tk 2 crore 3 lakh and the same amount in the previous account year was Tk. As a result, the net profit of the company was reduced by Tk 8.25 million or 5.3% in the first half. At the same time, the company's EPS stood at 25 paise and 5 paise in the same period last year.
Net profit in the second quarter (October-December) stood at Tk. 9.5m and Tk. 1.2m during the same period of the previous accounting year. On December 5, the NAVPS of the company stood at Tk 3 paise and the same as in the previous accounting year, which was Tk 5 paise.
The last and closing price of Regent Textile shares on the Dhaka Stock Exchange (DSE) on Thursday was 5 paise. In the last one year, the lowest and highest bid of the stock was 5 paise and 5 paise, respectively.