Envoy Textiles Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
January 24, 2024 at 11:19 pm
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Envoy Textiles Limited reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was BDT 3,763.1 million compared to BDT 2,551.17 million a year ago. Net income was BDT 134.43 million compared to BDT 99.25 million a year ago. Basic earnings per share from continuing operations was BDT 0.8 compared to BDT 0.59 a year ago. Diluted earnings per share from continuing operations was BDT 0.8 compared to BDT 0.59 a year ago.
For the six months, sales was BDT 6,909.54 million compared to BDT 5,499.62 million a year ago. Net income was BDT 242.7 million compared to BDT 205.97 million a year ago. Basic earnings per share from continuing operations was BDT 1.45 compared to BDT 1.23 a year ago. Diluted earnings per share from continuing operations was BDT 1.45 compared to BDT 1.23 a year ago.
Envoy Textiles Limited is a Bangladesh-based company, which is engaged in the manufacture of export-oriented denim fabric. The Company produces denim products featuring a range of yarns and weaves in various shades of indigo and black, among others. The Company specializes in 4.5 ounces to 16.00 ounces ring and open-end denim. The Company's product range consists of Stretch denim fabric, Right hand twill denim, Light weight denim fabric, Flat denim, Ecru denim, Over dyed denim fabric, Yarn dyed colored denim, Flat/mercerized denim, Indigo dyed denim fabric, Ring-spun denim effect fabric, Left hand twill denim, Medium weight denim fabric, Heavy Weight denim fabric, Natural denim, Classic denim fabric, Cross-hatch denim fabric, Slubby effect denim fabric and Coated denim, among others. The Companyâs factory is located in Bhaluka, Mymensingh, Bangladesh.