Bangladesh Welding Electrodes Ltd. announced unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, revenue was BDT 91,184,560 compared to BDT 91,977,990 a year ago. Operating profit for the period was BDT 19,960,171 compared to BDT 30,705,764 a year ago. Profit before taxation was BDT 9,149,238 compared to BDT 20,362,951 a year ago. Net profit for the period was BDT 5,718,274 or BDT 0.14 per share compared to BDT 12,726,844 or BDT 0.33 per share a year ago.

For the year, revenue was BDT 298,988,729 compared to BDT 311,234,594 a year ago. Operating profit for the period was BDT 59,647,274 compared to BDT 62,733,929 a year ago. Profit before taxation was BDT 28,272,518 compared to BDT 33,133,181 a year ago. Net profit for the period was BDT 17,670,324 or BDT 0.43 per share compared to BDT 20,708,238 or BDT 0.53 per share a year ago. Net cash provided by operating activities was BDT 44,991,899 compared to BDT 40,171,450 a year ago. Additions to fixed assets were BDT 43,240,967 compared to BDT 14,630,674 a year ago.