Pacific Denims is back in production

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Pacific Denims is back in production

The production activities of Pacific Denims Limited, a company listed in the textile sector in the capital market, resumed on June 22. The company has returned to production after almost two months due to a gas supply shutdown. This information was revealed by Dhaka Stock Exchange sources yesterday.

According to information, on June 9, Pacific Denims announced the production stoppage on DSE’s website. It said that the company’s gas line was cut off without any notice and production operations were completely shut down.

The company’s earnings per share (EPS) for the third quarter of the current financial year 2023-24 stood at 2 paise, as against 12 paise in the same quarter of the previous financial year. At the end of March 31, the company’s net asset value per share (NAVPS) stood at 13 53 paise.

The board of the company declared a cash dividend of 1 per cent to common investors for the financial year ended June 30, 2023. The company’s EPS in the current financial year has been 12 paise, as against 19 paise in the previous financial year. At the end of June 30 last year, the NAVPS of the company stood at 13 58 poisa.

The company has paid a 1 percent cash dividend to common investors in the financial year ended 2022.

It recommended a total dividend of 2 percent to shareholders for the financial year ended 2021. Of this, 1 percent is cash and 1 percent is stock dividend. The EPS of Pacific Denims stood at 22 paise in the current financial year as against 49 paise in the previous financial year. NAVPS of the company at the end of June 30, 2021, stood at Tk 13 54 paise, as against Tk 14 64 paise at the end of the same period of the previous financial year.

In 2017, the company listed in the capital market had an authorized capital of Tk 200 crore and a paid-up capital of Tk 183 crore 55 lakh. There is 65 crore 66 lakh taka in reserve. The total number of shares of the company is 18 crore 35 lakh 50 thousand 143. Among them, 30.12 percent are entrepreneurial directors, 9.44 percent are institutional investors and the remaining 60.44 percent are held by general investors. Last yesterday, the share price of the company was 10 taka 30 paisa. The share price has fluctuated between Tk 9 90 and Tk 17 90 poisa in the last year.

Bmirrorhttps://bmirror.net/
businessmirror20@gmail.com

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