JMI Hospital’s profit up 30%

JMI Hospital Requisite Manufacturing Limited made a profit of Tk 40.72 crore in the year that ended on June 30, up 30 per cent from a year earlier.

It was Tk 31.32 crore in 2020-21.

The medical device and component manufacturer reported earnings per share of Tk 3.25 for 2021-22, against Tk 2.50 in 2020-21.

The company's net asset value per share rose to Tk 38.84 from Tk 31.49 and the net operating cash flow per share increased to Tk 4.26 from Tk 3.04 during the period.

The board of directors has recommended a 12.50 per cent cash dividend for 2021-2022, according to a filing on the Dhaka Stock Exchange (DSE) today. 

It has also approved and recommended revising the use of the proceeds of the initial public offering due to Covid-19, the changes to the exchange rate, the Russia-Ukraine war, the addition of new components of machinery and a new machinery line.