Two firms post losses, declare no dividend
Two listed companies – The Dacca Dyeing & Manufacturing and Alltex Industries – have declared no dividend for their shareholders for the fiscal year 2024–25. The decisions were taken at separate board of directors' meetings held on Sunday.
Dacca Dyeing & Manufacturing
The Dacca Dyeing & Manufacturing Company reported a significantly higher loss in FY25 compared to the previous year. During the fiscal year, the company incurred a net loss of Tk50.72 crore, up sharply from a loss of Tk22.49 crore in FY24.
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As a result, the company's loss per share (EPS) rose to Tk5.82 in FY25, marking a 126% increase from Tk2.58 in the previous year. Despite the higher losses, the company's net asset value (NAV) per share stood at Tk25.71 at the end of FY25.
On Monday, the company's share price increased by 1.12% to Tk18.10 on the Dhaka Stock Exchange (DSE), indicating some investor interest despite weak financial performance.
To approve the audited financial statements, the no-dividend declaration, and other agenda items, the company has scheduled its annual general meeting (AGM) for January 16, 2026. However, the record date for shareholders' eligibility has not yet been fixed.
The company also posted poor performance in the July–September quarter of FY25. During the quarter, Dacca Dyeing reported a loss per share of Tk1.51, compared to a loss of Tk0.44 in the same period of the previous year, reflecting continued financial pressure. The no-dividend declaration reflects the company's ongoing challenges amid rising costs, operational difficulties, and weak business conditions in the textile sector.
Alltex Industries
Alltex Industries reported a net loss for the fiscal year 2024–25, continuing the downward trend from the previous year. The company incurred a net loss of Tk1 crore in FY25, compared to a loss of Tk0.56 crore in FY24. Its loss per share (EPS) rose sharply to Tk0.18 from Tk0.01 in the previous fiscal year, reflecting a significant increase in financial pressure. Despite the losses, the company's net asset value (NAV) per share stood at Tk24.77 at the end of FY25.
On Monday, Alltex Industries' share price fell by 2.16% to Tk13.40 on the DSE, indicating limited investor interest due to weak financial performance.
Regarding the AGM, the company will notify shareholders of the date, time, and venue after obtaining the condonation of delay from the Honorable High Court Division of the Supreme Court of Bangladesh. The record date for shareholders' eligibility to attend the AGM has been fixed on 7 January 2026.
