Unilever Consumer Care profit up 15pc in Q3
Unilever Consumer Care Limited posted 15 per cent higher profit in the third quarter of 2022 compared to a year earlier.
The multinational company made a profit of Tk 18.72 crore in the July-September period, up from Tk 16.28 crore in the identical period in 2021.
Its earnings per share were Tk 15.54 in July-September, against Tk 13.52 for the same period in 2021, showed the unaudited financial statements of the multinational company.
The EPS was Tk 44.86 in the January-September period, up from Tk 32.10 during the nine-month period last year.
Despite a significant increase in raw and packing material costs, the EPS rose due to the improvement in trade spending amounting to Tk 2 crore, the efficiency in operating expenses amounting to Tk 10 crore, and a one-off benefit of Tk 40 crore coming out of reassessment of past liabilities and obligations in light of recent business development, said Unilever in a filing on the Dhaka Stock Exchange yesterday.
Net operating cash flow per share slipped to Tk 16.99 in the January-September period from Tk 41.54 during the identical nine-month period of 2021, due to a significant increase in raw and packing material costs along with the significant increase in the foreign exchange rate partially offset by the efficiency in overhead.
Net asset value per share stood at Tk 123.74 on September 30 and Tk 122.88 on December 31.
Shares of Unilever Consumer Care were unchanged at Tk 2,849.20 on the DSE yesterday.