Walton’s profit declines nearly 26%

Walton Hi-Tech Industries PLC’s profit decreased by 25.91% in the last financial year compared to the year before.

The electronics manufacturer in Bangladesh reported earnings per share of Tk 40.16 for the year ending June 30, compared to Tk 54.21 a year earlier, in a filing today with the Dhaka Stock Exchange.

The net asset value per share increased to Tk 334.68 with revaluation and Tk 231.34 without revaluation, against Tk 311.59 and Tk 208.16 respectively.

The net operating cash flow per share improved to Tk 7.91 in the negative in the financial year. It was Tk 31.96 in 2020-21.

The board of Walton Hi-Tech Industries recommended a 250 per cent cash dividend for general public shareholders and a 150 per cent cash dividend for directors and sponsors for the year. This means that the people who have put their trust in the company by investing their money will be handsomely rewarded, and the company’s leaders will also receive a healthy payout.