Samata Leather Reports 350% Jump in Losses

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Samata Leather Reports 350% Jump in Losses

Samata Leather Complex, a publicly traded company, has published its unaudited financial results for the first quarter (July’24-September’24) ending on September 30, 2024. The loss per share for the company surged by 350 percent during the reviewed quarter compared to the same timeframe last year.

The board of directors convened on Monday (September 02) to assess and endorse the financial report for the first quarter of the fiscal year 2024. This information was revealed by sources from the DSE.

As per the source, the company incurred a loss of 9 paisa per share in the first quarter of the current fiscal year (July’24-September’24). In the corresponding period last year, the loss was 2 paisa.

The cash flow per share for the company in the reviewed quarter was minus 6 paisa, an improvement from minus 8 paisa in the same period last year. As of September 30, 2024, the net asset value per share of the company stood at 14 taka 28 paisa.

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