RAK Ceramics Bangladesh Reports Decline in Revenue and Profitability
Bangladesh: RAK Ceramics (Bangladesh) Limited reported a decline in financial performance for the year ending December 30, 2024. The company's total sales stood at BDT 6,669.51 million (EUR 52.7 million), down from BDT 7,819.32 million (EUR 61.8 million) in the previous year. It posted a net loss of BDT 27.33 million (EUR 216.2 thousand), a sharp contrast to the net income of BDT 618.39 million (EUR 4.8 million) recorded a year ago.
Basic and diluted loss per share from continuing operations was BDT 0.06 (EUR 0.00047), compared to earnings per share of BDT 1.44 (EUR 0.011) in the previous year. The results reflect a significant downturn in profitability, marking a shift from the company's positive earnings performance in the prior year.
Source: MarketScreener