Savar Refractories Limited Reports Earnings Results for the First Quarter Ended September 30, 2016
Savar Refractories Limited reported earnings results for the first quarter ended September 30, 2016. For the quarter, the company reported sales revenue of BDT 7,759,354 compared to BDT 7,448,572 a year ago. Operating loss was BDT 354,665 compared to BDT 350,462 a year ago. Loss before tax was BDT 354,665 compared to BDT 350,462 a year ago. Loss after tax was BDT 433,388 or BDT 0.31 per share compared to BDT 372,808 or BDT 0.27 per share a year ago. Net cash generated in operating activities was BDT 1,919,167 compared to net cash used in operating activities of BDT 4,484,387 a year ago. Acquisition of fixed assets was BDT 312,500 compared to BDT 104,138 a year ago.