Walton recorded profit in the third quarter of the ongoing FY23 despite adverse business conditions like the global economic recession and geopolitical crisis.
The report was published after reviewed and approved by the company's board of directors at a board meeting held on Wednesday, according to a press release.
According to published reports, the company's earnings per share (EPS) for the period ended March 31 of the current financial year (third quarter) was Tk8.25.
As on March 31, 2023, the company's Net Asset Value Per Share (NAVPS) stood at Tk224.57 without revaluation and Tk327.84 after revaluation.
In this period, the company's Net operating cash flow per share (NOCFPS) stood at Tk73.70, which is 550.49 times higher than the same period last year.
According to Walton authorities, due to the increase in transportation costs and the depreciation of the Bangladeshi currency against the US dollar, the cost of raw materials and spare parts increased drastically.
However, Walton is overcoming all the adverse business situations by taking various timely initiatives and thus returning to profit in the third quarter.
As the demand and sales of electronics products in the country increased remarkably centering the temperature rise and two Eids in the country, the authorities hope that the company's profit will be increased more in the fourth quarter of the current financial year.