Square Textiles News Today

It made Tk 24.83 crore in Oct-Dec of FY24, Tk 18.07 in the same period FY23

Bangladesh’s economy has been facing tough times of late as sustained high inflation, hike in interest rates and massive devaluation of the local currency continue to plague the country. In this series, we take a look back at how various industries fared amid the crisis in fiscal year 2022-23. Here, in the fourth instalment of the series, we placed listed export-oriented

Square Textiles PLC's profit falls 5.98 percent year-on-year to Tk 35.37 crore in the July-September period this year.

Square Pharmaceuticals PLC, the country’s biggest drug maker, has announced its plan to invest Tk 400 crore for expansion.

Textile and apparel industry in the country incurred losses, and many of them saw lower profits in the January-March quarter of the current fiscal owing to energy shortage, strong dollar and a slowdown in global market demand caused by the Russia-Ukraine war. The industry entrepreneurs said that the dollar shortage affected the local textile industry as most of them are not

Square Pharmaceuticals saw higher profits year-on-year in the first half of the current fiscal year of 2022-23 though the growth was lower. Meanwhile, profits of its sister concern, Square Textiles, declined. 

New Age, a Dhaka-based leading English language daily newspaper, is a major source of news of Bangladesh and international affairs

Seventy-one exporters won the National Export Trophy today in recognition of their contribution to the country’s overseas trade through higher sales, the addition of new products and markets, and maintaining compliance in the financial year of 2018-19.

When the local currency began sliding against the US dollar amid the depletion of foreign currency reserves, textile and readymade garment exporters were supposed to gain from the development as usually happens.  

Square Textiles Ltd saw its profit dip by 17 per cent in the July-September quarter of the financial year 2022-23 owing to higher spending aimed at ensuring energy supply amid the gas and electricity crisis and fuel price hikes.