Tosrifa Industries Limited a large textile and garment exporters company has recently been added Tk 53 crore to its reserve by revaluating its value, a DSE disclosure said.
Following the enhancement of value the textile and garment exporters has been witnessed a rise in both its value and demand to its share at the dull capital market.
The script was trading at Tk 28 Monday at both the bourses and around 85 lakh scripts were sold at DSE at 1143 numbers of trades, DSE source claims.
However, share market insiders sensing some wrong doings into the huge volume of shares handover.
Meanwhile, the company offers little to the shareholder regularly.
Tosrifa offered 1 per cent, 2.5 per cent and 3 per cent cash dividend respectively to the share holders during last three couple of years respectively.
The company has bounced back to retain its business after experiencing bleak days during corona pandemic, sources said.
The garment manufacturer earned Tk 10 crore as net profit in 2022 agisnt Tk 4.2 crore in 2021. The overall sales turnover of the group has also been increased to Tk 490 crore in 2022 against 300 crore in 2021.
Tosrifa listed to the DSE on June 2015 , which has been traded between Tk 17 and Tk 32.10.
The earning per share of Tosrifa was Tk 15.36 which was Tk 28.22 in the previous year.
The company has a total of Tk 70 crore long term and Tk 200 crore short term loan from different banks.
The mother company of Tosrifa, Northern Tosrifa Group (NTG), claims that it employs around 40 lakh workers, is aware of the responsibility and honor that comes with the “Made in Bangladesh” label.
The group has grown from a modest knit apparel items manufacturing unit to a hub of 100% export-oriented companies, ensuring excellence in both quality and delivery at every stride, it claims.