Business Desk :
Despite its growth in the second quarter, the company’s revenue decreased by 6.97% and profit decreased by 16.28% in the first half of this fiscal year.
The paper industry is one of the sectors that was most affected by the Covid-19 crisis, but Bashundhara Paper Mills Limited (BPML) has posted a 116% growth in its profit in the second quarter of the current fiscal year.
In the October-December period of the FY2020-2021, Bashundhara Paper Mills’ profit doubled compared to that in the same time of the previous year as the sales of its tissue paper and other hygiene products increased during the pandemic.
Despite its fantastic growth in the second quarter, the company’s revenue decreased by 6.97% and profit decreased by 16.28% in the first half of this fiscal year, compared to those at same period of in the previous fiscal year.
“Demand for paper has decreased as educational institutions have remained closed since March last year,” said M Mazedul Islam, company secretary of Bashundhara Paper Mills.
