ACI’s Loss Amounts to Tk 63 Crore

Industry: Stock Market
Company: ACI Limited
Company Intelligence Tag: Business Insights

ACI Limited, a diversified conglomerate, incurred a loss of Tk 63 crore during the July-March period of the fiscal year 2023-24. The company’s financial performance during the first three quarters of the current fiscal year was marked by a consolidated negative earnings per share (EPS) of Tk 8.27. Despite the loss, ACI Limited recorded a revenue of Tk 9,296 crore for the nine-month period, surpassing the Tk 8,558 crore recorded in the same period a year ago. However, in the January-March quarter, the company’s consolidated EPS stood at Tk 0.15, lower than the Tk 0.33 reported in the corresponding period of the previous year. As of the end of March 2024, ACI Limited’s consolidated net asset value per share stood at Tk 100.36. The company’s financial performance during this period highlights the challenges faced by diversified conglomerates in navigating the current economic landscape, despite their efforts to maintain revenue growth.

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