R N Spinning Mills Ltd operates in the Yarn spinning mills sector.
In addition to historical fundamental analyses, the complete report available to purchase compares R N Spinning Mills Ltd with three other
fabric manufacturers in Asia:
Himachal Fibres Ltd
of INDIA
(2020
sales of 426.59 million Indian Rupees [US$5.78 million]
),
J A Textile Mills Ltd
of PAKISTAN
(932.15 million Pakistan Rupees [US$5.50 million]
), and
Eurotex Industries And Exports Limited
which is
based in INDIA
(420.58 million Indian Rupees [US$5.70 million]
).
Sales Analysis.
Sales levels dropped significantly in the second
fiscal
quarter of 2021 versus the previous year's second quarter.
During the second
fiscal
quarter of 2021, sales at R N Spinning Mills Ltd totalled
29.62 million Bangladeshi Taka.
This is a drop of 69.0%
from the 95.55 million Bangladeshi Taka in sales at the company during the second quarter in 2020.
Sales fell dramatically in 2020:
R N Spinning Mills Ltd reported sales of 529.13 million Bangladeshi Taka (US$6.22 million)
for the
fiscal
year ending
June of 2020.
This
represents
a
sharp
decrease of 72.6%
versus 2019, when the company's sales were 1.93 billion Bangladeshi Taka.