Runner incurs loss in Q2
Despite increasing consolidated sales, Runner Automobiles, a listed company on the stock exchanges, incurred a loss of Tk1.41 crore with a per-share loss of Tk0.12 in the second quarter (October-December) of the current fiscal year.
At the end of the first half, its profit stood at Tk2.93 crore with an earnings per share (EPS) of Tk0.26 for the July-December period, as it earned a profit of Tk4.34 crore in the first quarter (July-September).
Runner Automobiles said its revenue for the quarter was impacted by unavoidable supply chain disruptions in the three-wheeler (3W) segment.
According to its financial statements, sales at Runner Automobile PLC fell to Tk134.31 crore in the second quarter, down from Tk157.14 crore in the same period of the previous fiscal year.
But its subsidiary Runner Motors witnessed a year-on-year jumps in sales by 42% to Tk163.79 crore in Q2.
Half-yearly sales grow 31%
Its report showed that total sales in the first half (H1) of the current fiscal year rose by 31%, driven largely by a sharp increase in truck, pickup and tractor sales.
Revenue for the July-December period climbed to Tk592.18 crore, up from Tk451.30 crore in the same quarter of FY25.
While its truck, pickup and tractor sales under Runner Motors witnessed 75.67% jumps to Tk306.09 crore, which was Tk174.24 crore in the same time of the previous fiscal year.
The parent entity Runner Automobiles manufactures motor cycles, whereas its subsidiary Runner Motors is involved in import and marketing of trucks, pickups and tractors.
Runner Motors is an exclusive distributor of EICHER Motors of India used to market EICHER brand (LCV and MCV) trucks in Bangladesh.