Hamid Fabrics widens losses in second quarter

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Hamid Fabrics widens losses in second quarter

The capital market-listed business Hamid Fabrics PLC has made available its unaudited financial report for the second quarter, which ran from October 24 to December 24, and ended on December 31, 2024. Comparing the current quarter to the same time previous year, the company’s loss per share grew.

On Monday, April 21, the board of directors of the firm convened to examine and authorize the financial report for the second quarter of the current fiscal year. Sources within the organization disclosed this information.

The source claims that during the second quarter of the current fiscal year, the company lost 1 taka 80 paisa per share. It lost 32 paisa in the same time frame last year.

However, during the first two quarters of the current fiscal year (July 24–December 24), the corporation lost 2 taka 86 paisa. In the same time frame last year, it lost 21 paisa per share.

As of December 31, 2024, the company’s net asset value per share (NAVPS) was Tk 30.81.

 

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