Anlima Yarn declares no dividend for FY25 amid widening losses
Anlima shares fall 1.49% to Tk19.30
Anlima Yarn Dyeing Limited has announced that it will not pay any dividend for the fiscal year ending 30 June 2025, as the company continues to struggle with mounting losses and liquidity challenges.
The decision was made at a board meeting and disclosed through a price-sensitive statement on the Dhaka Stock Exchange (DSE) today (19 October).
The company reported an earnings per share (EPS) of negative Tk2.99 for FY25, compared to a loss of Tk1.80 in the previous year, reflecting a deepening financial strain.
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Its net asset value (NAV) per share fell sharply to Tk5.63 from Tk8.62, while net operating cash flow per share (NOCFPS) improved slightly to Tk0.69, up from Tk0.22 in FY24.
Following the announcement, Anlima Yarn's shares fell by 1.49% to close at Tk19.30 on the Dhaka bourse.
In September 2024, the company was downgraded to the "Z" category for failing to pay dividends for two consecutive years.
The company has scheduled its Annual General Meeting (AGM) for 22 December at its factory premises in Savar, to be held through a hybrid system allowing both physical and virtual participation. The record date has been set for 10 November.
In its previous audit report, the external auditor Islam Quazi Shafique and Co raised concerns about the company's financial health, noting that as of 30 June 2024, Anlima's retained earnings were negative Tk3.28 crore, and its current liabilities exceed current assets by Tk4.95 crore.
The auditor warned that these conditions "indicate a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern."
