Standard Ceramic extends losses by 146% in Jul-Sep
Stocks
Standard Ceramic Industries has recorded an extension of its losses by 146% year-on-year to Tk4.74 crore in the first quarter of the current fiscal year.
The ceramic tableware manufacturer published its quarterly financial statement today, revealing a loss per share of Tk7.34, compared to Tk3 during the corresponding period a year ago.
Its net asset value per share stood at Tk22.16 negative at the end of September last year.
On Tuesday, its shares closed 0.47% higher at Tk106 on the Dhaka Stock Exchange.
The company previously announced the temporary shutdown of its factory since 26 January due to a shortage of raw materials and a lack of gas and electricity supply.
Despite incurring losses for the last two fiscal years, the share price of Standard Ceramic notably surged by 77% to Tk206 last December.
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