Matin Spinning Mills posts slight profit growth despite revenue dip in Q1
Matin Spinning Mills, a listed textile manufacturer, has reported a 6.5% increase in net profit in the first quarter (July–September) of the current fiscal year, despite a slight decline in revenue.
According to its Q1 financial statements, the company posted a revenue of Tk221.52 crore, down from Tk225.25 crore in the same quarter last year.
However, its net profit rose to Tk10.65 crore during the quarter, up from Tk10 crore a year earlier, taking its earnings per share (EPS) to Tk1.09, compared to Tk1.03 in the corresponding period.
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In FY2024-25, the company recorded a 130% year-on-year profit growth, with its annual EPS increasing to Tk4.70, from Tk2.04 in the previous fiscal year.
Based on its FY2024-25 performance, Matin Spinning Mills has recommended a 35% cash dividend for shareholders.
On Sunday (9 November), the company's shares closed at Tk49.10 each on the Dhaka Stock Exchange, down 0.81% from the previous trading session.
