Walton Home Appliance Sales Go up in Q1

Country’s electronics giant Walton Hi-Tech Industries Limited registered a 13.24 percent growth in its television, electrical and home appliances sales of the July- September quarter of current financial year compared to the sales of the previous year’s same period. 

In the same period, Walton posted around Tk 401 crore net profits and also its per-share net asset value rose to Tk 278 as of September 30 from its earlier Tk 261.92 of June 30 this year. 

Walton Hi-Tech disclosed these at its recent published unaudited financial statement for the first quarter (July-September) of the current financial year. 

According to its financial statement, Walton Hi-Tech recorded total sales of around Tk 1572.40 crore in the first quarter of the current financial year. Of which, sales of Walton’s TV, electrical and home appliances rose 13.24 per cent at the same time. 

Amid the business and economic downturn situation following the coronavirus pandemic, Walton posted sales of Tk 1572.42 crore as well as net profits of Tk 401 crore, giving the sign of successful return to the company’s previous vigorous sales track, the market insider said.

Walton Hi-Tech Industries Managing Director Engineer Golam Murshed said, coronavirus pandemic had a big blow to the country’s all business sectors. 

Following the lockdown for the period of more than two months, the country’s overall business activities became stagnant, he said added that but now the country’s business and economic activities has been started returning to normalcy very rapidly from the end of May for lifting the lockdown. 

Walton also successfully returned to its previous sound business track by rapidly recovering the pandemic loss, saying it he noted that both the domestic and international sales of Walton were gone up sharply in the second quarter of the current financial year. 

Walton declared 200 per cent cash dividends for general investors while for directors, it would be 75 per cent for the year that ended on June 30, 2020.

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