Walton sees 16% revenue, 33% profit growth in 9 months
Walton Hitech Industries Ltd posted Tk34.14 in Earnings per Share (EPS) for the first nine months of the fiscal year, which was Tk25.53 for the same July-March period a year ago.
The listed hi-tech giant thanks both its 16% year-on-year jump in revenue over the nine months alongside the ten times exports receipts, according to Abul Bashar Howlader, its additional managing director and chief financial officer.
"Each of our business segments registered both year-on-year and quarter-on-quarter growth in the January-March period," he told The Business Standard over telephone.
Over the third quarter (January-March) the company's sales crossed TK1,600 crore, while it secured TK2,665 core in revenue over the first six months of the fiscal year.
For the nine months, its revenue grew to Tk4,292 crore.
Sales of cooling products—refrigerator and air conditioners— grew, but television sales outpaced all other segments, both at home and abroad.
In the first nine months, Walton's export grew nearly ten times to over $8 million, said the CFO, adding that markets across continents now order more television from his company than the previously dominating cooling products.
However, the cooling products segment is also growing and made more than two-thirds of the company's total revenue for the first three quarters, he said.
The company's net asset value per share grew to Tk291.59 at the end of March.