Alltex to resume production on 10 February
Corporates
31 January, 2021, 09:00 pm
Last modified: 31 January, 2021, 09:04 pm
Previously, the company temporarily shut its factory to refurbish and reinstall its underground gas line
Photo: collected
Home textile manufacturer and exporter Alltex Industries Ltd has decided to resume production on 10 February – after the completion of underground gas line repairs at its factory located in Rupganj, Narayanganj.
The company disclosed the information on the Dhaka Stock Exchange's (DSE) website on Sunday.
Previously, the company decided to temporarily shut down its factory to refurbish and reinstall its underground gas line.
Therefore, Alltex closed all its production activities from 2 November last year.
Meanwhile, the company has posted its second quarter financial statement of the current fiscal year.
During the October to December 2020 quarter, the company posted a loss per share of Tk1.13, which was Tk1.45 in the same period previous year.
In the first half of the current fiscal year, the company's loss per share was Tk2.28.
Alltex Industries is a sister concern of Alltex Group. The company was listed on the DSE in 1996 and its paid-up capital is Tk55.96 crore.
Currently, the company's shares are being traded under the "Z" category as it has failed to declare a dividend in the last five years.
The last time the company paid 4% cash and 6% stock dividends for shareholders was in fiscal year 2014-2015.
According to DSE data, the sponsors and directors own a 40.74% stake in the company, while institutional investors own 10.49% and general investors 48.77% as of 31 December, 2020.
Previously, the finance minister announced in parliament that Alltex Group is one of the top loan defaulters.
Among the Alltex Group's concerns, the listed company has a total loan of Tk270 crore from several banks.
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