KDS Accessories, a Chittagong-based leading garment accessories producer, maintained a steady sales and profit growth since listing on the bourses.
The garment accessories maker posted a 31 per cent year-on-year revenue growth for the Fiscal Year (FY) 2017-2018.
The company' total revenue stood at Tk 2.07 billion for the year ended on June 30, 2018 which was Tk 1.59 billion in the previous year, according to the company's latest annual report.
During the period, the company's net profit stood at Tk 133 million which was Tk 126 million in the previous year, registering an increase of 5.56 per cent review under the period.
"Despite we faced challenges of price both in raw materials and selling price, we had consistent growth both in sale and profit in the year 2017-2018," said Khalilur Rahman, chairman of the KDS Accessories.
He noted that they are also pursuing new ideas and innovation to serve the customers' needs and succeed in the changing, dynamic markets in the future.
As an ongoing effort to develop new value added products, the company started production of plastic hangers of different styles as part of new value offerings to the retailers and customers.
About the expansion and developments, its managing director Salim Rahman said, KDS Accessories has continued efforts to modernise garment accessories business throughout its life.
In order to supply to the demands of the garments sector, the company adhere to continuous expansion to align with future growth target, he added.
The board of directors and shareholders of the company approved 10 per cent cash and 5.0 per cent stock dividend for the year ended on June 30, 2018 at the annual general meeting (AGM) held on October 25.
The company has also reported earnings per share (EPS) of Tk 2.21, net asset value (NAV) per share of Tk 24.88 and net operating cash flow per share (NOCFPS) of Tk 3.08 for the year ended on June 30, 2018 as against Tk 2.20, Tk 2.81, Tk 24.80 respectively for the same period of the previous year.
In 2017, the company also disbursed 10 per cent cash and 5.0 per cent stock dividend.
Each share of the company, which was listed on the Dhaka bourse in 2015, closed at Tk 60.90 each on Thursday last.
The company's share traded between Tk 52.70 and Tk 126.10 in the last one year.
The company's paid-up capital is Tk 600.60 million and authorised capital is Tk 2.0 billion, while the total number of securities is 60.06 million.
The sponsor-directors own 77.49 per cent stake in the company while institutional investors 4.50 per cent and the general public 18.01 per cent as on September 30, 2018, the DSE data shows.
KDS Accessories is one of the first generation garment accessories companies, which makes a significant contribution to the country's RMG industry through quality, products variety and strong supply chain management, according the company's website.
The company is engaged in production of different types of textile accessories like cartons, labels, tags, printings, narrow fabrics, elastics, heat transfer printing and button.
Credit Rating Information and Services Ltd (CRISL) has rated the company as "A+" in the long term and "ST-3" in the short term along with stable outlook in consideration of its audited financials up to June 30, 2018 and other relevant quantitative as well as qualitative information.
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