The company saw its profit fall a staggering 70.9% to about Tk 0.5 crore in its 2019-20 financial yearBangladesh seems to have lost the taste for Bangas biscuits, the doyen of Bangladesh’s organised biscuit sector. The company saw its profit fall a staggering 70.9 per cent to about Tk 0.5 crore in its 2019-20 financial year, it announced on Thursday. Bangas’s fellow listed biscuit maker, Olympic Industries, saw its profit leap 8.2 per cent to Tk 202.5 crore in its 2019-20 financial year. Bangas’s stock, which has been listed since 1984, is not doing better year: in the past two years, it lost 61.4 per cent in value. Yesterday, its shares closed at Tk 126.6, up 1.2 per cent from the previous day.

Source: Dhaka Tribune December 03, 2020 19:13 UTC