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156	156	The company has achieved a return on equity (ROE) of 24.36% in 2020 which was 32.32% in the previous year. Number of shares outstanding for the company is 99.70 million in both 2020 and 2019. Earning per share of the company is Tk 7.85 in 2020, which was Tk 10.35 in 2019. The company has declared a dividend of Tk 3.0 per share, which was Tk 7.7 per share a year earlier. Net cash flow of the company during the latest year is Tk 905.3 which was Tk 1,355.0 in 2019. Net operating cash flow per share of the company in 2020 is Tk 9.08 which was Tk 13.6 in 2019. Debt to equity ratio of the company in 2020 is 0.6 and it was same in the previous year. Overall, the performance of the company has slightly deteriorated due to the Covid-19 pandemic. But the company has maintained a consistency in all its major indicators that is, when sales has decreased, cost of goods sold has also decreased proportionately. Debt to equity ratio of the company remained the same during the year. However, financing cost increased slightly in the current year. Size of the company expressed in terms of number of employees in 1,767.
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	158	+[[image:performance summary .png||alt="performance summary" height="437" width="800"]]
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	160	+== Quarterly performance ==
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	162	+Total revenue of the company for the first, second, and third quarter of 2021 is Tk 3,753.73, Tk 4,958.53, and Tk 4,605.96 million, respectively. Profit for the period is Tk 180.02, 287.67, and 127.3 million, respectively.
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	164	+During the first quarter of 2020, of which only two months were pandemic-free, as Bangladesh reported its first case on March 08, the company’s turnover stood at Tk 3,064 million. In the first quarter of 2021, it has jumped to Tk 3,753 million. Sales of the company for second quarter of 2021 was Tk 4,958.52 million while it was Tk 2,978.07 million. This is either a big jump or a big fall for the year 2020. It seems more credible that a big fall in 2020 is the reason. During this second quarter of 2020, the pandemic hit hard the country. The panic was very high and the people lost their jobs, stopped spending money on luxury products. However, in the third quarter of 2021, the sales dropped compared to 1 year earlier. In third quarter of 2020, sales was Tk 6,251.94 million while it dropped to Tk 4,605.96 million in 2021.
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	166	+Profit after tax of the company for the first quarter of 2021 is Tk 180 million, which was Tk 118 million during the same period a year earlier. In the second quarter of 2021, the profit reported is Tk 287.66 million while it was Tk 82 million a year earlier. However, during the third quarter of the latest year, the profit was Tk 127.29 million which was Tk 426.37 million during the same period a year earlier.
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	168	+= Recent developments =
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	170	+The company is yet to release its 2021 financial statements. However, in the 257^^th^^ meeting of the Board of directors on January 25, 2022, the board approved the audited financial statements which has the following price sensitive information – net asset value per share stood at Tk 34.06 which was Tk 34.66 in the previous year. Earnings per share of the company stood at Tk 5.20 in 2021, but it was Tk 8.06 in the previous year. Net operating cash flow per share (NOCFS) in 2021 stood at Tk -21.37 which was Tk 10.25 in 2020. During the meeting, the board approved 60% cash dividend.
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