Marico Bangladesh half-year profit down 7%
Marico Bangladesh's post-tax profit for April–September of the current fiscal year fell 7 percent to Tk 323.90 crore. The company declared a 350 percent interim cash dividend for shareholders — Tk 35 per share.
Post-tax profit drops to Tk 323.90 crore; Tk 35 interim cash dividend per share declared
Consumer goods maker Marico Bangladesh Limited's post-tax profit for April–September of the current fiscal year fell 7 percent. Profit for the period stood at Tk 323.90 crore, compared to Tk 348.14 crore in the same period of the previous fiscal year.
According to the half-yearly financial report, the company's earnings per share (EPS) dropped from Tk 110.52 to Tk 102.82 in this period.
Sales costs rise
Higher sales costs contributed to the profit decline. The company's sales costs rose to Tk 524.78 crore in the period under review.
Meanwhile, revenue for the July–September quarter was Tk 524.21 crore.
Dividend declared
Marico Bangladesh has declared a 350 percent interim cash dividend for shareholders. That is, shareholders will receive Tk 35 as dividend against each share. The record date for the dividend has been set for November 24.
Source: The Business Standard
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