Home Finance Unilever Bangladesh’s Profit Surges 79pc

Unilever Bangladesh’s Profit Surges 79pc

Unilever Bangladesh's Profit Surges 79pc
Photo Collected From: The Financial Express

Unilever Consumer Care Ltd, a subsidiary of Unilever in Bangladesh, posted a 78.66% year-on-year increase in profit in the April-June quarter of 2022. As a result, the profit for the period stood at Tk. 18.06 crore, up from Tk. 10.10 crore a year ago. However, the earnings per share were Tk. 14.99 in the quarter compared to Tk. 8.39 in the same period a year ago, Unilever Consumer Care said in a filing on the Dhaka Stock Exchange. The company focuses on the consumer healthcare nutrition business, credited the efficiency in operating expenses, the corporate income tax rate reduction, and the large one-off benefit from reassessment of past liabilities and obligations in light of recent business development to the increase in the EPS. The article contains Unilever Bangladesh’s Profit Surges 79pc.

Unilever Consumer Care made a profit of Tk. 35.31 crore in the first half of 2022, an increase from Tk. 22.38 crore registered in the same period last year. However, its net operating cash flows, a measure of a firm’s financial strength, fell to Tk. 13.22 per share in the first half against Tk. 13.68 in the January-June period of 2021, due to the lower advance received from customers compared to a year ago.

Similarly, the net asset value per share decreased to Tk. 108.20 on June 30 of, 2022, owing to the reduction in cash balance resulting from the dividend payout. It was Tk. 122.88 on December 31, Unilever Consumer Care said. It is to mention that shares of Unilever Consumer Care closed 1.29% higher at Tk. 2,860 on the DSE. 

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