Golden Son on losing streak for 4 years | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
July 11, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JULY 11, 2025
Golden Son on losing streak for 4 years

Stocks

TBS Report
07 December, 2020, 10:10 pm
Last modified: 07 December, 2020, 10:13 pm

Related News

  • Stricter provisioning on losses from share, bond, and subsidiary investments by financial institutions
  • Stocks surge as clarity on next polls offsets Iran-Israel conflict concerns
  • Stocks nosedive again post-budget
  • Berger Paints rights share subscription starts 15 July
  • Brokerages allowed to retain 75% of investors' deposit interest

Golden Son on losing streak for 4 years

The company released its unaudited financial statements for the first quarter on Monday

TBS Report
07 December, 2020, 10:10 pm
Last modified: 07 December, 2020, 10:13 pm
Golden Son on losing streak for 4 years

Key financials:

  • Tk15.24 crore profit in 18 months (Jan 2015 to June 2016)
  • T2.23 crore net loss in the first quarter of FY21
  • Tk18.03 crore loss in FY20
  • Loss per share was Tk1.05 in FY20

Golden Son Limited, a listed company on the stock market, has been incurring losses for four consecutive years.

The loss continued till the first quarter (July-September) of fiscal year 2020-21 though it was 45% lower than the previous year.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The company released its unaudited financial statements for the first quarter on Monday.

According to the Dhaka Stock Exchange, the profit of the company was Tk15.24 crore in 18 months – from January 2015 to June 2016.

However, in fiscal year 2016-17, it incurred a loss of Tk21.82 crore. In 2019-20, the loss was Tk18.03 crore and the loss per share was Tk1.05.

In 2018-19, the company incurred a loss of Tk17.03 crore. The loss in the 2017-2018 financial year was Tk17.85 crore.

According to the company's unaudited estimates, turnover in the first quarter was 13% lower than the previous year, but gross profit increased by 30% or Tk1.31 crore.

After paying taxes, the company had a net loss of Tk2.23 crore. However, at the end of the quarter, the total comprehensive loss stood at Tk2.07 crore.

The company's loss for this quarter was Tk1.87 crore less than the previous year. It had a post-tax loss of Tk4.10 crore in the first quarter of 2019-20. As a result, the loss in the first quarter decreased by 45%.

This year, the loss per share was Tk0.13, which was Tk0.24 in the previous year. In other words, earnings per share loss decreased by 46%.

When asked about the company's losses, Golden Son Company Secretary Md Ayinuddin, ACS declined to comment.

Golden Son Limited, listed as an engineering company in the capital market in 2007, manufactures garments accessories, household items, screws, golden infinity and toys.

Economy / Top News

Golden Son / Stock / Losing streak

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Kunming rising: China's emerging healthcare hub draws Bangladeshi patients
    Kunming rising: China's emerging healthcare hub draws Bangladeshi patients
  • Representational image. Photo: Collected
    2nd round of US-Bangladesh tariff talks set to conclude today as business leaders await breakthrough
  • Photo: Courtesy
    Two placed on remand over brutal killing of trader near Mitford Hospital 

MOST VIEWED

  • Photo: Mohammad Minhaj Uddin/TBS
    SSC, equivalent results: Pass rate drops to 68.45%, GPA-5 also declines
  • In terms of stream of education, girls maintained their excellence as well. Photo: TBS
    SSC 2025: Girls dominate boys by over 5%
  • Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
    Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
  • Students sit for SSC exam at Motijheel Girls' High School on 10 April 2025. Photo: Mehedi Hasan/TBS
    SSC exam results out: Here's how you can check online and via SMS
  • The overall pass rate across all boards this year, 68.45%, is significantly lower than last year's. Photo: Focus Bangla
    SSC 2025: Rajshahi board records highest pass rate, Barishal lowest
  • Representational image. Photo: Collected
    35% tariff: Bangladesh, US 'agree on most issues' as first day of talks ends

Related News

  • Stricter provisioning on losses from share, bond, and subsidiary investments by financial institutions
  • Stocks surge as clarity on next polls offsets Iran-Israel conflict concerns
  • Stocks nosedive again post-budget
  • Berger Paints rights share subscription starts 15 July
  • Brokerages allowed to retain 75% of investors' deposit interest

Features

Kunming rising: China's emerging healthcare hub draws Bangladeshi patients

Kunming rising: China's emerging healthcare hub draws Bangladeshi patients

3h | Panorama
Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

1d | The Big Picture
Illustration: TBS

Behind closed doors: Why women in Bangladesh stay in abusive marriages

1d | Panorama
Purbachl’s 144-acre Sal forest is an essential part of the area’s biodiversity. Within it, 128 species of plants and 74 species of animals — many of them endangered — have been identified. Photo: Syed Zakir Hossain/TBS

A forest saved: Inside the restoration of Purbachal's last Sal grove

1d | Panorama

More Videos from TBS

Renowned economist Abul Barkat imprisoned

Renowned economist Abul Barkat imprisoned

1h | TBS Today
All of Iran's uranium still intact, Israel claims

All of Iran's uranium still intact, Israel claims

1h | TBS World
Trump-Netanyahu in new strategy on Gaza issue

Trump-Netanyahu in new strategy on Gaza issue

3h | TBS World
Shocking science: why birds stay safe on electricity lines

Shocking science: why birds stay safe on electricity lines

4h | TBS Stories
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net