Staff Correspondent: Sonali Paper and Board Mills, a concern of Younus Group, reported a significant profit growth of 3.6 times, or 263%, in profit to Tk21.50 crore in the first nine months of the current fiscal year.
According to its financial statement, approved at the board meeting held on Sunday, the profit was recorded during the July-March period of FY25, up from Tk5.91 crore in the same period a year earlier.
Sonali Paper's earnings per share (EPS) rose to Tk6.53, compared to Tk1.80 during the corresponding period of FY24.
Meanwhile, the publicly traded company's net profit stood at Tk 3.44 crore in the last three months (Jan-Mar'25), which was a loss of Tk 11.8 crore in the same period of the last year.
During the period, the company's earnings per share (EPS) stood at Tk1.05, compared to a loss per share of Tk3.60 a year ago. Its net asset value per share was Tk167.62 as of March 2025.
Sonali Paper's company secretary, Md. Rashedul Hossain, said that during the period, sales and revenue of the company have increased, and as a result, net profit and EPS have also increased compared to the period ended 31 March 2024.
During the period, the company procured more quantity of raw materials for this reason. Net operating cash flows have decreased in comparison with the previous period ended 31 March 2025.
For FY25, the company has disbursed a 40% cash dividend for its shareholders.
As of 31 March 2025, the company's shareholding structure comprised 67.51% held by sponsors and directors, 5.85% owned by institutions, and 26.64% held by the public.
A concern of the Younus Group of Industries, Sonali Paper has been operational since 1977, focusing on the production of paper and board products. The company's industrial units are located in Narayanganj, with its headquarters in Dhanmondi, Dhaka.