Square Textiles has reported a rise in profit for the July–September quarter of FY2024-25, driven by increased yarn production at its new factory in Habiganj and the modernization of its existing facilities.
According to a disclosure, the company’s profit after tax rose by over 5% year-on-year to Tk 37.44 crore in the first quarter, with earnings per share climbing to Tk 1.90 from Tk 1.79 in the same period last year.
Square Textiles credited its improved performance to higher output from the newly commissioned Habiganj project and the Balancing, Modernization, Rehabilitation, and Expansion (BMRE) of its Gazipur facility. Operations at Square Texcom Ltd also contributed to the growth.
Consolidated net operating cash flow per share (NOCFPS) rose to Tk 5.27 in the first quarter, compared to Tk 4.51 during the same period last year, reflecting the company’s enhanced efficiency and operational performance.
As of midday trading, Square Textiles’ shares had gained 2.21% to Tk 55.4 on the Dhaka Stock Exchange, underscoring investor confidence in the company’s growth trajectory.
