Bangla companies hit by pandemic-induced demand collapse

2020/11 21 08:11

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The income of a number of listed attire companies in Bangladesh dipped in between July and September as a result of collapse in demand overseas as a result of pandemic. Of the 56 textile and garment firms listed on the Dhaka Inventory Trade, 39 printed their first quarterly monetary reviews. Earnings of 15 had been decrease than that recorded in the identical interval a 12 months in the past.

9 firms returned to crimson after making income in the identical interval final 12 months. 5 prolonged their wrestle to return to income, in accordance with a report in a high Dhaka-based English-language each day.

Within the July-September quarter, the export earnings of the woven sector declined by 5.78 per cent year-on-year to $three.88 billion, information from the Export Promotion Bureau confirmed.

Of the overall earnings from the garment sector, $four.46 billion got here from knitwear cargo, which rose 7.04 per cent.

Fibre2Fashion Information Desk (DS)


The income of a number of listed attire companies in Bangladesh dipped in between July and September as a result of collapse in demand overseas as a result of pandemic. Of the 56 textile and garment firms listed on the Dhaka Inventory Trade, 39 printed their first quarterly monetary reviews. Earnings of 15 had been decrease than that recorded in the identical interval a 12 months in the past.




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