Walton Records Tk 250cr Profit in July-March
Walton Hi-Tech Industries PLC posted profit of Tk 250 crore in the first nine months of the financial year 2022-23, said a press release.
The company’s latest unaudited financial report revealed an earnings per share of Tk 8.25 for the period ending on March 31. As of March 31, the net asset value per share of the company was reported as Tk 224.57 without revaluation and Tk 327.84 with revaluation.
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According to the announcement, the company suffered a foreign exchange loss of Tk 392.74 crore in FY23, up from Tk 44.18 crore in the same period of the previous financial year, as a result of the local currency’s devaluation against the US dollar.
Walton’s overall financial expenses were Tk 604.79 crore at the end of the third quarter of the current financial year, compared to Tk 149.60 crore during the same time period of the prior financial year.
-Source: New Age
