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Profits of listed textile, garment firms' rise in Bangladesh

According to the Dhaka Stock Exchange (DSE), the earnings per share (EPS) of 30 out of 53 listed textile, knitting and garment companies in the first quarter of the current financial year (2018-19) increased due to higher export growth. As garment sector's exports soared during the quarter, profits of most of the companies' also increased revealed BGMEA. The Export Promotion Bureau also revealed that the garment shipments increased by 14.66 percent, according to data from the Export Promotion Bureau.

Export growth may continue in the coming months if the business environment remains favourable. However, DSE data shows some of the textile companies saw a decline in their EPS during the quarter, while some of them even fell into losses.

The price of cotton had soared in the international market but the yarn price did not rise in the local market. According to Business Insider, cotton price varied from 77 to 90 cents in the July-September quarter.

 

 
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