Reckitt Benckiser’s profit 25pc higher this Jan-Jun

Business Report :
The UK-based multinational Reckitt Benckiser (Bangladesh) PLC has posted a 25% year-on-year profit growth in the first half of 2023, thanks to a significant decrease in the company’s operating expenses.
At the end of this June, its net profit stood at Tk29.9 crore. Also, the company’s revenue grew 6.63% to Tk267.83 crore in the January to June period this year, compared to the same period last year.
The company’s half-yearly earnings per share (EPS) stood at Tk63.29 in 2023, which was Tk50.68 last year.
In its financial statements, the company said though the cost of goods sold increased year-on-year, Reckitt Benckiser (Bangladesh) saved a lot in its marketing expenses which in turn reduced its operating expense, and this helped the company post higher EPS.
The company declared a 980% cash dividend to its shareholders for the year that ended on 31 December 2022, which was 40.6% lower than the previous year. In 2021, it had paid the highest ever 1,650% cash dividend in its history.
Reckitt Benckiser (Bangladesh), publicly listed with the Dhaka Stock Exchange (DSE) since 1987, is a subsidiary of Reckitt Benckiser Group – the world’s leading producer of hygiene products.