Financial Performance Analysis of Selected Jute Companies of Bangladesh

Abstract

Bangladesh is one of the top jute producing countries in the world. There was a time when 90% of foreign currency income of Bangladesh came from the jute & jute product. Unfortunately at present foreign currency income of Bangladesh from jute and jute product has been reduced. This research paper is an effort to identify the financial position, strengths and weaknesses of listed Jute Companies of Dhaka Stock Exchange (DSE) with the help of financial statement analysis tools and techniques like ratio analysis, correlation analysis, and to identify the relationship of Earning per Share (EPS) with different kinds of financial ratios. This research paper is based on secondary data. It is hoped that selected jute companies’ all stakeholders like investors, creditors, government will get benefits from this research paper. The research result shows that financial performance of selected jute companies is not pretty good. Therefore some recommendations for the listed Jute Companies of DSE for a better financial performance are provided at the end of the research paper.