Dhaka, Bangladesh (BBN) – Newly listed C&A Textiles dominated the week’s top turnover chart on the Dhaka Stock Exchange (DSE) last week that ended on Thursday.
A total of 3.07 million shares of C&A Textiles were traded worth BDT 781.20 million changing hands during the week. Daily average turnover was BDT 156.24 million.
The Chittagong-based export-oriented knit composite textile company made debut on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on January 20. Each share of the company closed at BDT 25.1 on Thursday from its issue price of BDT 10 each.
The company floated 45 million ordinary shares of BDT 10 each and raised BDT 450 million through initial public offering for machinery purchase, building construction and repayment of bank loans.
Of the total shares, sponsor/directors held by 30.29 percent, institutions 46.57 percent while rest of 23.14 percent held by public, according to DSE web site.
Net profit of the company fell 14.84 per cent to BDT 66.4 million year-on-year in the January to March period last year, according to DSE. The company’s earnings per share stood at 0.51 during the period.
The Chittagong-based company carries out knitting, dyeing and printing business and manufactures T-shirts, polo shirts, tank tops, shorts, sweat shirts, boxer shorts, skirts, leggings and fleece jackets.
Its products are shipped to the US, Canada, Brazil, the UK, Italy and Germany, according to the company’s website.
After C&A Textiles, the week’s other top turnover leaders were GP worth BDT 362.87 million, Lafarge Surma Cement BDT 337.17 million, Alltex Industries BDT 307.79 million, CVO Petrochemical BDT 295.24 million, GSP Finance BDT 271.49 million, Summit Alliance Port BDT 266.64 million, DESCO BDT 235.73 million, National Feed Mills BDT 226.92 million and BRAC Bank worth BDT 206.29 million changing hands during the week.
BBN/SSR/AD-30Jan15-11:30 am (BST)
