Paramount Textile declares 15% cash dividend for general shareholders as profit rises 17%

The company reported a 17.44% growth in consolidated net profit, with earnings per share (EPS) rising to Tk7.61 in FY26 from Tk6.48 in the previous fiscal year.

Paramount Textile PLC has recommended a 15% cash dividend exclusively for its general shareholders for the fiscal year ended 30 June 2026, backed by earnings growth driven by its solar power operations.

The dividend marks an increase from the 12% cash payout for FY25. According to a price-sensitive disclosure issued following its board meeting on Sunday, the company will hold its annual general meeting (AGM) on Saturday (26 December) through a digital platform to seek shareholder approval. The record date has been set for 30 November.

The company reported a 17.44% growth in consolidated net profit, with earnings per share (EPS) rising to Tk7.61 in FY26 from Tk6.48 in the previous fiscal year.

Management noted that higher profits from subsidiary companies with lower operating costs contributed to the EPS growth. Consolidated revenue rose 16.64%, primarily driven by income from its solar power projects. However, standalone revenue declined 10.24% due to gas shortages and ongoing geopolitical disruptions, including the Russia-Ukraine and Iran-Israel conflicts.

Key balance sheet indicators also showed significant growth. Consolidated net asset value (NAV) per share rose 116.89% to Tk95.18 as of 30 June 2026, from Tk43.89 a year earlier, following a revaluation of property, plant and equipment in line with International Valuation Standards. Net operating cash flow per share (NOCFPS) also increased to Tk11 from Tk10.37 in FY25.

Despite earnings growth and an increased dividend payout, investor sentiment remained subdued. Following the disclosure today (9 November), Paramount Textile shares fell 3.14% on the Dhaka Stock Exchange to close at Tk74.10.

Source: The Business Standard