Runner Automobiles, a prominent player in Bangladesh’s automotive industry, has disclosed a profit of Tk 56.76 lakh in the October-December period, representing a notable upturn from the previous year’s loss. The surge in profitability has been attributed to the company’s notable sales growth, particularly in its three-wheeler vehicle segment. Reportedly, this positive momentum has translated into earnings per share (EPS) standing at Tk 0.05, marking a significant improvement from the previous year’s loss.
Over the half-year period, Runner witnessed a notable decrease in its loss per share, dropping from Tk 2.89 to Tk 2.22 compared to the corresponding period last year. Despite this improvement, the company experienced a decline in net operating cash flow per share, which decreased from Tk 10.51 to Tk 5.24. Runner attributed this decline to repayments made to suppliers.
Runner Automobiles’ resurgence in profitability underscores its resilience and strategic approach to adapting to market dynamics. With a focus on innovation and expanding its product offerings, the company aims to sustain its growth trajectory and deliver long-term value to shareholders while contributing to Bangladesh’s automotive industry’s advancement.
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