Samata Leather faces losses in Q1 of FY21
It had a five-month delay in publishing its first quarter financials
After a five-month delay in publishing its first quarter financials of the current fiscal year, Samata Leather Complex has posted that it incurred losses in that quarter.
On Monday, the company published its financial statement of the July-September period.
Usually, listed firms have 45 days to publish their first quarter financials, and a month for the second quarter financials, after the end of the quarter.
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Samata Leather said, in its disclosure, that its earnings per share (EPS) stood at negative Tk0.03 against the EPS of Tk0.05 in the same period of the previous fiscal year.
In this quarter, its net operating cash flow per share was Tk0.17, which was Tk0.18 in the same period of the previous fiscal year.
In FY20, Samata Leather made a profit of around Tk10 lakh. Earlier, in fiscal year 2018-19, its profit was Tk29 lakh.
The company has been operating in the leather tanning industry since 1990. It manufactures quality leather for: gloves, shoes, handbags, and garments.
It was listed on the stock exchanges in 1998 and is now placed in the "B" category. The price of each share of the company is Tk106.9.
Till January 2021, out of its 10,320,000 shares, sponsors and directors held 33.86%, institutional investors 5.36% and general investors 60.73%.
