Bangladesh, Nov. 8 -- Envoy Textiles' net profit rose 40 per cent year-on-year to Tk 531.3 million in the July-September quarter of FY27, driven by higher fabric exports, wider margins and lower borrowing costs.

The denim maker earned a profit of Tk 379.3 million in the same quarter a year earlier, according to its unaudited financial statements.

Its earnings per share (EPS) rose to Tk 3.17 from Tk 2.26.

Revenue grew 10.51 per cent to Tk 5.19 billion from Tk 4.70 billion. The company said stronger demand abroad and higher fabric prices lifted export sales.

The cost of goods sold (COGS) rose 9.97 per cent to Tk 4.16 billion, more slowly than revenue. As a result, COGS as a share of revenue fell to 80.18 per cent from 80.58 per cent. ...