Envoy Textiles reports lower net profit but raises cash dividend
1 report, 1 independent
Updated Mon 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Envoy Textiles recommended a 32.50 percent cash dividend for the year ended June 30, 2026, which is an increase from the 30 percent recommended the previous year. The company reported a net profit of Tk 138 crore for the period, down from Tk 140 crore in the same period a year earlier. Despite the lower profit, net operating cash flow per share increased significantly to Tk 14.88 from Tk 4.77.
From thedailystar.net
Why it matters
The financial results led to a market reaction on the Dhaka Stock Exchange, where shares of Envoy declined 3.29 percent to close at Tk 70.50. Envoy Textiles is noted as a leading export-oriented denim fabric manufacturer with its factory located in Mymensingh.
From thedailystar.net
Who's involved
- MymensinghLocation of the factory operated by Envoy Textiles
Keep exploring
The entities involved
-
Mymensingh
City in Bangladesh
-
Bangladesh
country in South Asia
Related events
- A study of factories in Dhaka, Bangladesh, was conducted, with the findings being reported to Reuters by Judd.
- Lalmonirhat is located within the country of Bangladesh.
- Thomson Reuters Foundation cited in research regarding textile waste issues in Gazipur, involving garment factories.
- A conference was held in the Midlands, a bus was displayed at NEC in Birmingham, and merchandise manufacturing is linked to Bangladesh.
- Crystal International operates factories in Sri Lanka, Bangladesh, and Vietnam.