ACI Ltd has reported a significant increase in losses for the first quarter of the 2024-25 financial year, attributing the decline to higher borrowing costs and operational challenges.
According to a filing with the Dhaka Stock Exchange, the local conglomerate’s consolidated losses surged by 167% year-on-year to Tk 422.1 million during the July–September period, resulting in a loss per share of Tk 5.54, compared to Tk 2.07 in the same quarter last year.
ACI attributed the deteriorating performance to increased borrowing costs due to rising interest rates and the need for additional funding for working capital and strategic investments.
Net operating cash flow per share (NOCFPS) also showed a steep decline, falling to a negative Tk 62.07, compared to a negative Tk 34.19 in the same period of the previous year. The company noted that changes in working capital levels, driven by rising costs, were key factors behind the deterioration.
