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Metro Spinning Surveillance Rating is Triple B Plus

Industry: RMG & Textile, Yarn & Spinning
Company: Metro Spinning
Company Intelligence Tag: Business Insights

Metro Spinning Limited’s surveillance rating is ‘Triple B Plus’ for long term and ‘ST-3’ for short term. This is certified by Alpha Credit Rating Limited (Alpha Rating) based on the audited financial report for the financial year ended 30 June 2022 and other relevant qualitative information as on 10 October. This information is known from stock exchange sources.

According to the unaudited financial report, the company’s earnings per share (EPS) for the first half (July-December) of the last financial year ended 2022-23 stood at 0.98 tk, as against 0.85 tk in the corresponding period of the previous financial year. And lastly the company’s EPS for the second quarter (October-December) was 0.47 tk, compared to 0.45 tk in the same period of the previous financial year. At the end of December 31 last year, the company’s net asset value per share (NAVPS) stood at 20.97 tk. The board of the company had recommended a total dividend of 8 percent for the financial year ended 2021-22.

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