Beximco sees profits soar

Beximco Ltd logged almost four times higher profit in the first half of the ongoing financial year (FY) while the company's revenue more than doubled at the same time.

Beximco's revenue soared to Tk 3,670 crore in the last six months, up 121 per cent from Tk 1,656 crore in 2020-21. The company's net profit jumped 354 per cent to Tk 759 over the same period.

After analysing the company's financial report, it was found that Beximco's profits climbed at a higher pace than its sales due to lower raw material prices.

In the last six months (July-December), the cost of goods sold was 64 per cent of its total revenue while it was 67 per cent the previous year.

Beximco's earnings per share stood at Tk 8.67 in the last two quarters, which was Tk 1.92 higher year-on-year.