Linde Bangladesh posts 17% decline in Q1 profit

Linde Bangladesh Ltd's profit fell in the first quarter of 2025 due to lower sales and higher operating expenses.

The company posted a profit of Tk 8.05 crore in the January-March quarter, down 17 percent year-on-year, according to its financial statement.

The industrial and medical gas supplier reported revenue of Tk 55.03 crore during the period, down 5 percent year-on-year.

Its earnings per share (EPS) declined to Tk 5.29 from Tk 6.39.

The company attributed the drop in EPS to lower sales and increased costs stemming from an inadequate natural gas supply and frequent power interruptions by the Rural Electrification Board at its Rupganj plant.

Higher operating expenses also weighed on profitability, it said in the financial statement.

Its net operating cash flow per share (NOCFPS) was Tk 1.80 in the January-March quarter, a decline from Tk 3.22 a year earlier.

Linde Bangladesh said the drop in NOCFPS was driven by higher payments made during the current quarter.

As of March 31, 2025, sponsor-directors held 60 percent of the company's shares, institutional investors owned 21.9 percent, and the public held 18.1 percent, according to data from the Dhaka Stock Exchange.

Linde Bangladesh is a subsidiary of Linde PLC, a leading global industrial gases and engineering company incorporated and registered in Ireland.

It has operated for over 70 years in Bangladesh, supplying sectors from healthcare to manufacturing through its production facilities and market presence, according to its website.