Unilever Consumer Care’s profit surges over 78%

Unilever Consumer Care Limited posted a 78.66 per cent year-on-year increase in profit in the April-June quarter of 2022.

The earnings per share were Tk 14.99 in the April-June quarter compared to Tk 8.39 in the same period a year ago, it said in a filing on the Dhaka Stock Exchange today.

The multinational company credited the efficiency in operating expenses, the reduction of corporate income tax rate as well as large one-off benefit coming out of reassessment of past liabilities and obligations in light of recent business development to the increase in the EPS.

The EPS rose 57.71 per cent to Tk 29.32 in the first half of 2022. It was Tk 18.59 during the identical period of 2021.

The 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 lower advance received from customers compared to last year.

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 dividend payout. It was Tk 122.88 on December 31 in 2021, Unilever Consumer Care said.