Runner Automobiles, a prominent vehicle manufacturer in Bangladesh, has returned to profit with a notable figure of Tk 5.67 million during October-December.
This turnaround marks a significant improvement from the previous year’s loss of Tk 2.08 per share, with the current earnings per share (EPS) standing at Tk 0.05, according to its unaudited financial statement.
The company attributes this positive outcome to substantial sales growth in its three-wheeler vehicle segment. Runner’s half-yearly loss per share has also decreased to Tk 2.22 from Tk 2.89 compared to last year.
Despite the profit, there’s been a decline in net operating cash flow per share, dropping to Tk 5.24 from Tk 10.51. This decline is attributed to repayments made to suppliers, as stated by the company.
In response to this positive financial report, Runner’s shares have experienced a rise of 1.29 percent, reaching Tk 39.30 as of 12:40 pm on the Dhaka Stock Exchange today.