Bangladesh
This article was added by the user . TheWorldNews is not responsible for the content of the platform.

Associated Oxygen posts lower profit in Jul-Sep

Associated Oxygen Limited reported a 16.35 per cent year-on-year decline in profit to Tk 4.50 crore in the July-September quarter of 2022.    

The producer and supplier of industrial and medical gases made a profit of Tk 5.38 crore in the identical quarter of 2021.

For all latest news, follow The Daily Star's Google News channel.

Thus, it posted earnings per share of Tk 0.41 in July-September against Tk 0.49 in the identical period of 2021, according to the unaudited financial statements.

The net operating cash flow per share slipped to Tk 0.71 in the first quarter of 2022-23 whereas it was Tk 0.83 a year earlier.

The net asset value per share stood at Tk 18.85 on September 30 and Tk 18.56 on June 30.

AOL is a producer and supplier of industrial and medical gases, welding products and equipment and ancillary equipment. It supplies oxygen and nitrogen in liquid and gaseous forms to industries and hospitals.

Shares of the company were unchanged at Tk 36.50 on the Dhaka Stock Exchange yesterday.