Listed clothing companies in Bangladesh suffer profit losses due to epidemic

According to a report by Bangladesh’s “Daily Star” on December 16, due to the decline in domestic and foreign demand in Bangladesh during the COVID-19 epidemic, the profits of most listed clothing companies in Bangladesh were between 7- fell in September. Among the 56 textile and apparel companies listed on the Dhaka Stock Exchange, 39 companies released their first quarter financial reports. Among them, 15 companies reported lower profits than the same period last year. Anwasdfssdfsr-Ul-Alasdfssdfsm Chowdhury, chairman of Evince Textile, said that as people worked from home during the epidemic and rarely participated in social gatherings and gatherings, the demand for clothing products such as shirts dropped, and the Bangladesh textile and apparel industry suffered a big blow. According to data from the Bangladesh Export Promotion Agency, the export revenue of Bangladesh’s textile industry fell by 5.78% year-on-year to US$3.88 billion from July to September. </p