Monno Ceramic’s profit drops 43%

Monno Ceramic Industries, one of the leading ceramics producers in the country, saw a fall in profit in fiscal year 2024-2025 as rising finance costs weighed on its earnings.

The company reported a 43 percent year-on-year decline in profit for the financial year that ended on June 30, 2025.

It posted earnings per share (EPS) of Tk 0.22, down from Tk 0.39 in the previous year, according to a disclosure posted on the Dhaka Stock Exchange (DSE) website yesterday.

While the company achieved incremental revenue and organic sales growth during the year, the EPS dropped as finance costs increased compared to the previous financial year, Monno Ceramic said in the disclosure.

The company's net operating cash flow per share (NOCFPS) stood at Tk 5.44 in the negative, compared to Tk 0.17 in the negative a year earlier.

This decline in the NOCFPS was attributed to higher payments of advance income tax, interest, and suppliers during the period.

Its net asset value per share rose from the previous year owing to an increase in current assets.

The board of directors recommended a 2 percent cash dividend for the year, up from 1 percent in the previous year.

As of August 31, 2025, sponsors and directors held 37.43 percent of the company's shares, institutions 14.58 percent, foreign investors 0.10 percent, and general shareholders 47.89 percent.