Zaheen Spinning Ltd, a Narayangonj-based cotton yarn manufacturer, has decided to increase their production capacities by installing new spindles, officials said. “The Board of Directors have already opened three L/Cs on June 17, 2015 to import a set of capital machineries worth Tk 158.50 million (approx) for installing 15,480 spindles,” said a web post on the Dhaka Stock Exchange (DSE) on Monday. “After successful installation of machineries, the company’s production capacity will increase to 4,240 Kg (approx) yarn per day and their expected net profit after tax will go up by Tk 40 million (55.55 per cent expected),” said the DSE web post. Following the news, the company’s share price rose 3.14 per cent to close at Tk 22.9 on Monday though the overall market fell marginally. Zaheen Spinning, the textile sector listed company, made trading debut on the bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on March 25, this year under ‘N’ category.
