Hwa Well Textiles (BD) PLC reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was BDT 456.29 million compared to BDT 565.59 million a year ago. Net income was BDT 53.46 million compared to BDT 81.05 million a year ago. Basic earnings per share from continuing operations was BDT 0.95 compared to BDT 1.45 a year ago. Diluted earnings per share from continuing operations was BDT 0.95 compared to BDT 1.45 a year ago.
For the six months, sales was BDT 854.58 million compared to BDT 1,118.2 million a year ago. Net income was BDT 130.9 million compared to BDT 170.16 million a year ago. Basic earnings per share from continuing operations was BDT 2.34 compared to BDT 3.04 a year ago. Diluted earnings per share from continuing operations was BDT 2.34 compared to BDT 3.04 a year ago.