Monno Ceramic profit dips by 86pc to Tk 1.47cr in FY24

Monno Ceramic Industries Ltd profit plunged drastically by 86 per cent to Tk 1.47 crore in the financial year 2023-24 on declining revenues and rising costs. 

Shares of Monno fell 5.22 percent to Tk 65.4 as of 12:46 pm today compared to the previous day. 

Its earnings per share (EPS) slipped sharply to Tk 0.39 from Tk 2.91 a year earlier, according to a Dhaka Stock Exchange disclosure.
The ceramics manufacturer attributed the plunge in EPS to falling revenues and a rise in financing costs.