Jahin Spinning Mills Limited has deteriorated in the second quarter (October-December 2024) owing to the suspension of production caused by the fire. Over this period, the company’s losses rose, and other indicators also deteriorated.
The company’s earnings per share (EPS) loss was 1 taka and 8 poisha in the second quarter, and last year in the same period the difference was 11 poisha. The present financial year (July-December), in the first six months, per share the loss increased to 1 taka and 15 poisha, whereas last year at the same time it was 20 poisha. That means the loss has risen almost five times in the first six months. The website statement of the Dhaka Stock Exchange noted that the primary reason for the company’s loss is the company’s sales, and it raised production costs owing to the suspension of operations. While, in the July-December 2024 period, there was negligible recovery in the company’s net operating cash flow per share (NOCFPS). This company clarified that this recovery occurred due to the reduction in factory operation costs and other maintenance costs resulting from the suspension of production.
The fire also affected the company’s balance sheet. As of December 31, 2024, the net asset value (NAV) per share has fallen to Tk 2.78 paise on June 30, 2024, which was 3.96 taka. A decline in saved income has been cited as the reason for the decline. In the last year, the highest price of Jahin Spin stock was Tk 9.80 paise, and the lowest price was Tk 5.20 paise. The company doesn’t even pay that much of a dividend. They paid a 0.25 percent cash dividend in 2024. Earlier in 2019, they gave 5 percent cash dividend, 10 percent in 2018, and 15 percent in 2017.
Source: Prothom Alo
