Monno Ceramic Industries reported notable profit growth in Q1 of FY 2023–24, despite a 22% YoY decline in revenue. The company’s net profit after tax surged to Tk2.81 crore from Tk16 lakh in the same period in FY 2022–23. Reduced operational expenses and adjustments to deferred taxes contributed to the impressive profit figures. The earnings per share rose to Tk0.74, up from Tk0.04 in 2022. The net asset value per share stood at Tk81.04 at the end of September 2023.
Monno Ceramic, listed on the Dhaka Stock Exchange since 1983, claims to be the oldest porcelain and bone China tableware manufacturer with a global clientele. While the share price recently rose 16%, it experienced a 4.91% drop to Tk110.40 on December 10, 2023. Sponsors and directors jointly hold 42.47% of shares, institutions 12.97%, foreign investors 0.14%, and general investors 44.42%.