Stocks in Bangladesh slumped to a more than four-month low yesterday as investors went for massive selloffs after the Russian invasion of Ukraine sent global oil prices higher and rattled global markets.
Most listed apparel makers log profit despite sluggish sales
Spinning companies were in a better position in the July-December period. Star/file
Two-thirds listed apparel companies either made a higher profit or managed to stay in the black in July to December despite sluggish sales, reflecting the recovery for the most export-earning sector in Bangladesh.
Of the 44 garment companies listed with the Dhaka Stock Exchange, 14 firms took home more profit in the first half of the fiscal year compared to a year ago.
They include Alhaj Textile, Anlima Yarn, Apex Spinning, Far East Knitting, HR Textile, Maksons Spinning, Malek Spinning, Matin Spinning, Metro Spinning, New Line Clothing, and Queen South Textile.