BD Lamps to invest Tk3cr for new production line
Electric bulb producer Bangladesh Lamps Limited – commonly known as BD Lamps – is going to set up a new production line for manufacturing accessories at its factory in Narsingdi.
According to the company's disclosure on the Dhaka Stock Exchange (DSE) website on Thursday, the estimated cost of the project is Tk3.2 crore.
But there was no information about the type of products to be manufactured in the new production line.
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BD Lamps Company Secretary Mohammad Ruhan Miah declined to comment in this regard.
But the company did say in the disclosure that the new production line is expected to generate Tk21.94 crore annually in net sales, and make Tk0.44 crore per year in profits.
On Thursday, BD Lamps also published its quarterly earnings on the DSE website.
In the October to December quarter of 2022, its earnings per share (EPS) dropped by 45% to Tk1.74, from Tk3.15 in the same quarter of 2021.
The company blamed the increase in its finance costs, and costly raw materials for the earnings decline.
In the July to December period of 2022, its EPS fell by 22% to Tk3.51, from Tk4.51 in the same six months of the previous year. Its net asset value per share stood at Tk89.65.
The company recommended 20% cash and 7% stock dividends for the fiscal 2021-22.
BD Lamps, which got listed on the stock exchanges in 1981, manufactures Philips lighting products under an exclusive licensing agreement with Philips Electronics NV Holland.
It also manufactures electric bulbs, CFLs, tube lights, and other lighting products under the Transtec brand.
