Business Desk :
Summit Alliance Port said its earnings rose in the first half of the current financial year of 2021-22 as its handled an increased volume of containers for international trade during the period.
The net profit of the leading off-dock increased 7 per cent year-on-year to Tk 10.35 crore in the July-December period of 2021 from Tk 9.69 crore a year ago.
“We did not have good business in the first quarter of the financial year because of the pandemic. But our regular business returned in the October-December period,” said Company Secretary Md Abdullah Osman Shajid.
The company’s shares edged up 3.01 per cent to Tk 27.40 yesterday at Dhaka Stock Exchange.
The company, a concern of Summit Group, posted a 160 per cent surge in its net profit to Tk 5.22 crore in the October-December period from Tk 2.01 crore in the same period a year ago, according to its unaudited half yearly statement. The company registered a 10 per cent growth in its revenue in the second quarter.
