Aman Feed Ltd recorded a notable improvement in its financial performance during the third quarter of the 2023-24 fiscal year, with a 66.67 percent reduction in losses to Tk 1.44 crore compared to Tk 4.32 crore in the same period last year. This resulted in an increase in earnings per share from Tk 0.33 in the negative to Tk 0.11 in the negative, attributed to a slight decrease in raw material prices and optimization of selling and distribution expenses.
The company’s unaudited financial statement revealed a commendable profit of Tk 5.1 crore for the first nine months of FY24, a significant rise from Tk 65.48 lakh in the previous fiscal year. Furthermore, its net operating cash flow per share (NOCFPS) increased to Tk 0.53 in July-March, compared to Tk 0.48 in the previous year, attributed to lower raw material costs and increased income from other sources. Aman Feed, specializing in the production and distribution of poultry, fish, shrimp, and cattle feed, operates through a network of two hundred dealers nationwide.
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