Unilever Consumer Care Ltd reported a 31% drop in profit for the 2024 financial year, attributing the decline to reduced revenue and higher expenses.
According to a disclosure on the Dhaka Stock Exchange (DSE) website, the company’s earnings per share (EPS) fell to Tk 34.62, down from Tk 49.89 in 2023. As of 11:44 a.m., its share price declined 0.58% to Tk 2,500 on the DSE.
The profit dip was partly due to lower one-time benefits from reassessing past liabilities and the reinstatement of technology and trademark royalty payments to its parent company from the third quarter of 2024. However, Unilever Consumer Care said operational efficiency and higher net finance income helped offset some of the increased costs.
Despite the earnings decline, the company announced a 520% cash dividend for shareholders, the highest in five years.
Meanwhile, its net operating cash flow per share—a key measure of financial health—rose slightly to Tk 25.62 from Tk 25.43 a year earlier. The company’s net asset value per share also increased, driven by a rise in cash, cash equivalents, and short-term investments.
