Square Textiles profit rises by 5pc to Tk 37.44cr in Q3'24

Square Textiles profit after tax stood at Tk 37.44 crore rising by 5 per cent in July-September (3rd quarter) in this year calendar year 2024, compared to the same period last year. The profit increment was attributed to increased yarn production at its new factory in Habiganj.

The leading textile maker and exporter said its earnings per share rose to Tk 1.90 in the first quarter of the current financial year from Tk 1.79 the same period a year ago.

The company attributed the improved performance to increased yarn production from its new Habibganj project, and Balancing, Modernization, Rehabilitation and Expansion (BMRE) of its Gazipur facility as well as operations at Square Texcom Ltd.
Square's consolidated net operating cash flow per share (NOCFPS) climbed to Tk 5.27 in the first quarter of this year compared to Tk 4.51 a year earlier.