Yeakin Polymer’s losses deepen in Sept quarter | The Business Standard
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SATURDAY, MAY 31, 2025
Yeakin Polymer’s losses deepen in Sept quarter

Stocks

TBS Report 
21 December, 2022, 09:45 pm
Last modified: 21 December, 2022, 09:48 pm

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Yeakin Polymer’s losses deepen in Sept quarter

ts revenue also nosedived by 85% year-on-year in Q1

TBS Report 
21 December, 2022, 09:45 pm
Last modified: 21 December, 2022, 09:48 pm
Logo of Yeakin Polymer. Photo: Collected
Logo of Yeakin Polymer. Photo: Collected

Yeakin Polymer Limited, the manufacturer of polypropylene woven bags that already incurred a loss in the last fiscal year, fell further deep into losses in the July to September quarter of the ongoing fiscal. 

In the first quarter of the 2022-23 fiscal year, the company's loss amount stood at Tk2.03 crore, which was Tk1.06 crore in the corresponding quarter of the previous fiscal.

Its revenue also nosedived by 85% year-on-year and stood at Tk46.58 lakh in the September quarter of FY23. The amount was Tk3.06 crore in the same quarter previous year.

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The company said its production and sales dropped owing to the pandemic blow, Russia-Ukraine war, and a shortfall in working capital.

And, because of expensive raw materials, the company failed to meet the break-even point. 

In the fiscal 2021-22, Yeakin Polymer turned a loss of Tk4 crore, from a profit of Tk6 lakh in the previous year.

Thus, the company did not pay any dividend for FY22.

Yeakin Polymer started commercial operation in 2003, and got listed on the stock exchanges in 2016.

Its registered office is located at Satkhira in the industrial complex of Yeakin Group in the south-west region of Bangladesh.

Economy

Yeakin Polymer / loss

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