New Line Clothings Ltd.
DDSE:NEWLINE4.60
BDT
0.00
(0.00%)
ISIN
BD0482NLCL08
Return %
Stock
S&P 500
1Y
17.95
14.20
3Y
-89.80
81.12
5Y
-86.78
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- Sector
- Consumer non-durables
- Industry
- Apparel/Footwear
- Address
- Gazipur Bangladesh
- IPO Date
- May 27, 2019
- Website
- newline.com.bd
- Similar Companies
- Business
- New Line Clothings Limited is a Bangladesh-based export-oriented apparel manufacturing company specializing in the production, finishing, and global distribution of woven garments. Founded in 2000 and headquartered in Gazipur, Bangladesh, the company operates within the textiles and apparel industry, catering to international fashion retailers, department stores, and wholesale buyers across Europe, North America, and Australia, including export markets in Germany, the United Kingdom, the Netherlands, Canada, Spain, Denmark, France, and the Czech Republic. The company's core product portfolio encompasses a wide range of woven apparel and fashion merchandise; including men's, women's, and children's casual and dress trousers; denim jeans and woven denim apparel; woven shirts, blouses, and tops; outerwear, jackets, and sportswear; basic and utility bottoms; children's and infant garments; as well as related apparel items and accessories including towels, socks, and brassieres. In recent developments, New Line Clothings Limited has undergone critical operational and regulatory changes following extensive financial distress and sustained non-compliance with statutory disclosure mandates, leading to the verified operational suspension and shutdown of its Gazipur manufacturing facilities and corporate offices as confirmed by the Dhaka Stock Exchange (DSE) and the Bangladesh Securities and Exchange Commission (BSEC). Following extended lapses in statutory financial reporting and consecutive absences of annual general meetings, the company was demoted to the DSE 'Z' category and has been subjected to regulatory investigations and lender-driven asset auction proceedings initiated by financial institutions, including Southeast Bank, over defaulted credit facilities.