Beach Hatchery's income soars 214pc in Q3 on higher revenue

The shrimp fry producer Beach Hatchery posted a 214 percent year-on-year surge in profit to Tk 77.9 million for the January- March quarter of FY25, driven by higher revenue and a reduction in operating expenses.

Its earnings per share (EPS) jumped to Tk 1.88 for the third quarter of FY25 from Tk 0.60 for the same period a year ago, according to the price sensitive information published on Tuesday.

In the three months to March, Beach Hatchery gained a 125 per cent year-on-year growth in revenue to Tk 147.91 million on the back of high demand. However, the cost of fish fry production was up only 40.54 per cent to Tk 41.45 million in the third quarter to March, compared to the same quarter last year.

So, operating expenses were cut by a remarkable 23.38 percent year-on-year in the quarter through March. That supported a 193 per cent increase in gross profit to Tk 106.46 million in Q3 of FY25, compared to Q3 of FY24.

The company has not given any explanation of how it brought down the production cost.

Beach Hatchery produces and sells shrimp fry in Bangladesh. The company was incorporated in 1994 and is headquartered in Dhaka.

For the nine months through March this year, the shrimp fry producer reported a 139 per cent year-on-year jump in profit to Tk 189.6 million.

Meanwhile, the stock fell 6.3 per cent to Tk 56.50 per share on Tuesday on the Dhaka Stock Exchange. It was the highest traded stock for the day with a transaction volume of Tk 552.25 million.

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