Western Marine Shipyard’s profit declines

Western Marine Shipyard Limited's profit declined in the July-September quarter of 2021 compared to a year ago.

The ship manufacturer and exporter made a profit of Tk 47 lakh in the quarter last year, down 32.85 per cent from Tk 70 lakh during the identical period in 2020.

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Thus, earnings per share were Tk 0.02 in the quarter from Tk 0.03 earlier, according to the unaudited financial statements.

Net operating cash flow per share was Tk 0.17 in July-September of 2021, down from Tk 0.20 in the first quarter of 2020.

Net asset value per share was Tk 22.65 on September 30, 2021, and Tk 23.40 on June 30, 2021.

Shares of Western Marine Shipyard were unchanged at Tk 11 on the Dhaka Stock Exchange yesterday. 

Established in Chattogram in 2000, the shipyard is located over 42 acres of land and employs 3,500 people, including more than 500 marine and technical experts.

It has so far exported vessels to countries such as Germany, Norway, Ecuador, New Zealand, and Kenya.