Far East Knitting’s profit rises 4% to Tk 37.4 crore in FY25

Far East Knitting and Dyeing Industries Ltd posted a modest rise in profit for the year ended June 30, 2025, on the back of higher operating expenses, with the board recommending a lower dividend than the previous year.

For the year, the company reported a profit of Tk 37.40 crore, up 4 percent year-on-year.

According to a disclosure on the Dhaka Stock Exchange website today, its earnings per share rose to Tk 1.71 from Tk 1.64 a year earlier.

The board recommended a 12 percent cash dividend for FY25, lower than the 14 percent declared the previous year.

Its net operating cash flow per share dropped sharply to Tk 1.75 from Tk 6.36 in FY24, mainly due to higher payments to suppliers and increased operating expenses, the company said.

The board also approved an additional investment of Tk 6 crore in its associated company, Far East Spinning Industries PLC, to establish a second spinning unit in Habiganj.

Founded in 1994, Far East Knitting has grown from a small garment operation into a major player in Bangladesh's textile sector, supplying global brands such as Zara and Mango.

Its Habiganj spinning mill produces 100 percent cotton and viscose yarn using advanced machinery from leading manufacturers, according to the company's website.

As of September 30, 2025, sponsors and directors held 67.20 percent of shares, institutions 7.89 percent, and the public 24.91 percent, DSE data showed.