Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Bd. Thai Aluminium posted a 2.5 times higher loss in the first quarter of FY26 compared to the same quarter of the previous year, amounting to Tk 89.44 million.
The earnings disclosure should come as a shock to investors after Bd. Thai's stock had been bid up by more than 50 per cent in less than 15 working days.
According to a stock exchange filing on Monday, the company's loss per share jumped to Tk 0.70 in the quarter to September from Tk 0.28 in the same period of the previous year.
Bd. Thai Aluminium mainly manufactures and markets aluminium profiles for doors, windows, curtain walls, partitions, false ceilings, automobiles and railway windows, tower bolts, and other industrial products.
The company, founded by former politician and lawmaker late Col (retd) A Maleque, had posted losses for the three financial years through FY25.
Earlier, it reported a 2.34 times higher loss in FY25 compared with FY24, amounting to Tk 256.83 million.
According to the website of the Dhaka bourse, the stock moved up from Tk 8.80 on November 13 this year to Tk 13.50 on December 3, registering a 53.41 per cent increase.
Daily trading volume also surged from 0.5 million shares on November 13 to 7.42 million shares on December 3.
However, the share price declined over the last three working days to Tk 11.60 per share on Monday.
The son of the company's founder, who was an army officer and a lawmaker from Manikganj-3, also served as a minister under the past government.
Dr Zahid Malik was a member of parliament representing the same Manikganj-3 constituency as his father during 2009-2024.
During that period, he also served as the health and family welfare minister in the Awami League government.
BD Thai Aluminium has been posting losses mainly because its sales have collapsed due to intense competition from other brands, as well as rising raw material costs.
Its market share has eroded over time, leading to sustained losses over several years despite growth in the overall aluminium market.
farhan.fardaus@gmail.com