Bangladesh
3 days ago

Weak demand drags Paramount Textile profit by 19pc

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Woven fabric manufacturer Paramount Textile reported more than 19 per cent lower profit of Tk 207.78 million in its second quarter (October-December) of FY26 as its revenue declined amid weaker global demand.

According to a disclosure on Tuesday, earnings per share fell to Tk 1.16 in the second quarter from Tk 1.44 in the same period a year earlier.

Paramount Textile, fully export-oriented woven fabric manufacturer based in Bangladesh, said EPS fell due to the decline in revenue during this quarter to December last year compared with the corresponding period of the previous year.

Located in Gazipur, the company specializes in yarn dyeing, weaving, and finishing, primarily serving international garment brands.

Its six-month profit fell 4.07 per cent to Tk 422.72 million in the July-December period of FY26.

After the disclosure, the company's share price slipped 3.95 per cent to Tk 51.10 per share on Tuesday on the Dhaka Stock Exchange (DSE).

Besides the reduction in revenue, the manufacturer also generated less cash this year. Cash flow per share was Tk 3.26 for July-December 2025, compared with Tk 5.03 for July-December 2024.

The company reported significantly lower cash in this period because of lower revenue collection.

farhan.fardaus@gmail.com

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