Reckitt Benckiser’s profit surges 67pc in January-March quarter

Business Report :
Reckitt Benckiser (Bangladesh) PLC posted a 67.30 per cent year-on-year increase in profit to Tk 15.21 crore in the January-March quarter of 2023.
The local operations of the multinational company made a profit of Tk 9.09 crore in the same period a year ago.
Thus, the earnings per share rose to Tk 32.18 in January-March of 2023 from Tk 19.25 in the same quarter in 2022, according to the unaudited financial statements.
In a filing on the Dhaka Stock Exchange on Tuesday, Reckitt Benckiser said though the cost of goods sold increased compared to the same period last year, the operating expenses were reduced significantly due to lower marketing expenses. This has created a positive impact on EPS.
The net operating cash flow per share slipped to Tk 75.14 in the first quarter compared to Tk 95.43 in the three months to March last year, driven by an increase in the payments to suppliers and tax payments.