Monno Ceramics’ shares surges 6.90%
The share price of Monno Ceramic Industries surged by 6.90% to Tk83.70 each yesterday, making it the second-highest gainer of the day.
On the day, its shares were traded worth Tk6.60 crore, with a total of 7.96 lakh shares exchanged, according to data from the Dhaka Stock Exchange (DSE).
The adjusted opening price was Tk78.30 each yesterday, which closed at Tk83.70 each.
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Recently, Monno Ceramic returned to full-scale production after more than a decade of struggling with gas supply issues, marking a major turnaround for one of the country's leading tableware manufacturers.
With uninterrupted gas flow now restored, the pioneering ceramic tableware manufacturer is gaining fresh momentum and cementing its position as the preferred choice of elite institutions and global brands, said the company.
Monno Ceramic listed on the Dhaka bourse in 1984.
For the last 2023-24 fiscal, it had paid a 1% cash dividend and posted a net profit of Tk1.46 crore – significantly lower than the previous year's earnings.
In the first nine months of the 2024–25 fiscal year, the company's revenue rose by 22.48% to Tk68.30 crore, while its profit dipped 3.15% to Tk4.60 crore, with earnings per share (EPS) at Tk1.04.
Alone in third quarter during the January to March, its revenue grew 46% to Tk25.79 crore while its net profit grew 8.6% to Tk1.84 crore with EPS of Tk0.40.
