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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.