Marico posts 13% profit growth amid economic crisis
In the October-December quarter, its year-on-year profit grew by 13% to Tk97.43 crore and the earnings per share (EPS) was Tk30.93
Marico Bangladesh reported a 13% growth in profit in the October-December quarter of 2022 amid higher inflation, fuel and power, and dollar crisis.
According to its unaudited financial statement filed on the stock exchange, the first-moving consumer goods (FMCG) sector company achieved growth by cutting the marketing and selling cost by around 30%.
In the October-December quarter, its year-on-year profit grew by 13% to Tk97.43 crore and the earnings per share (EPS) was Tk30.93.
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The revenue also rose by 7% to Tk358 crore during the quarter.
In the first nine months of its financial year, the revenue and profit stood at Tk1,092 crore and Tk298 crore respectively, which was 8% and 5% respectively higher than the previous year at the same time.
Earlier, it paid a 750% cash dividend as an interim to its shareholders.
However, Marico's share price was stuck on the floor price at Tk2,421 each.
