Fine Foods sees 146% revenue growth in Q1
Fine Foods, a listed firm in the food and allied sector, has reported a 146% year-on-year rise in revenue and a 314% surge in profit in the first quarter (July–September) of FY2025-26.
The company's net profit in the quarter stood at Tk3.59 crore, with earnings per share (EPS) of Tk2.57, according to its Q1 financial statements disclosed on the stock exchange website today (9 November).
In the same quarter of the previous fiscal year, Fine Foods had reported a profit of Tk86 lakh and an EPS of Tk0.62.
Revenue during the July–September quarter jumped to Tk4.90 crore, up from Tk1.99 crore recorded in the corresponding period last year.
In FY25, the company made a profit of Tk1.23 crore with an EPS of Tk0.88, and its total revenue stood at Tk7.34 crore.
Following its improved performance in FY2024-25, the company declared a 14% cash dividend for shareholders, compared to a 10% cash dividend disbursed the previous year.
Fine Foods is engaged in producing and processing fish, fish spawn breeding, fingerling development, production of fish meal and oil, and supplying fish to both local and foreign market.
The company's net operating cash flow per share rose to Tk1.61 in Q1, from Tk0.19 a year earlier, while net asset value (NAV) per share increased to Tk17.22 as of 30 September, up from Tk11.93 a year earlier.
At the Dhaka Stock Exchange, Fine Foods' share price declined 0.92% to close at Tk302.50 yesterday.