BATBC posts 37pc higher profit

The British American Tobacco Bangladesh Company (BATBC), a listed cigarette maker, logged 37 per cent higher profit in 2021.

BATBC's earnings per share were Tk 27.72 for the financial year, up from Tk 20.12 the previous year, the company said in a filing on the Dhaka Stock Exchange (DSE) yesterday.

BATBC declared a 150 per cent final cash dividend for 2021, raising its total dividend to 275 per cent for the entire financial year. It has already distributed a 125 per cent interim cash dividend.

In 2020, the multinational company provided 600 per cent cash dividend and 200 per cent stock dividend.

Because of the stock dividend, its paid-up capital and the number of shares rose. As the stock split, the cash dividend dropped, according to a market analyst.

BATBC shares closed 2.64 per cent lower at Tk 627.50 on the DSE yesterday.