Sonali Paper posts significant profit in nine months
In the nine months, its earnings per share (EPS) stood at Tk6.53, up from Tk1.80 in the same period the previous year.
Sonali Paper and Board Mills, a concern of Younus Group, reported significant profit growth in the nine months (July-March) of FY2024-25, driven by increased revenue and reduced financial losses.
During this period, the company's revenue grew by 4% year-on-year to Tk230.24 crore, up from Tk221.65 crore in the same period last year. Its profit after tax stood at Tk21.51 crore, compared to Tk5.92 crore a year ago.
In the nine months, its earnings per share (EPS) stood at Tk6.53, up from Tk1.80 in the same period the previous year.
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In the January-March quarter alone, it recorded revenue of Tk76.89 crore, compared to Tk70.05 crore a year ago.
Its net profit after tax stood at Tk3.44 crore, compared to a loss of Tk11.88 crore in the same quarter of the previous year.
At the end of March 2025, its earnings per share stood at Tk1.05, while its net asset value per share was Tk167.26.
According to its financial disclosure, the company generated profit from its core business operations, while losses from other investments also decreased.
Yesterday, the company's share price closed at Tk158 on the Dhaka Stock Exchange.
For FY24, the company has recommended a 40% cash dividend for its shareholders.
Established in 1977, Sonali Paper specialises in producing white, printing, simplex, and duplex papers for the local market.
The company was listed on the Dhaka Stock Exchange in 1985.
However, due to non-compliance with listing regulations, it was relegated to the over-the-counter (OTC) market for ten years before returning to the main board in 2020 after a successful business revival.
As of 31 March 2025, the company's shareholding structure comprised 67.51% held by sponsors and directors, 5.85% owned by institutions, and 26.64% held by the public.
