Berger Paints Bangladesh posts steady earnings

Business Report :
Leading paint-maker, Berger Paints Bangladesh has maintained its performance in the April-June quarter of the ongoing year thanks to its steady sales revenue.
The company generated a net profit of Tk96.2 crore or Tk20.7 per share during the quarter, according to the financial statements uploaded on the company website.
Earnings grew by 1% in comparison to the same quarter in the previous year.
Berger Paints Bangladesh registered a net revenue of Tk698.6 crore over the period, which stood at Tk691.9 crore during the corresponding quarter in 2023.
Net operating cash flow per share, however, witnessed a decline to a negative Tk82.6 crore or Tk17.8 per share in contrast with a positive cash flow of Tk47.1 per share during the same quarter last year.
The cash flow decreased mainly due to the settlement of LCs that had been deferred last year, said an announcement published on the exchange website by the company.
Berger Paints Bangladesh, last month, announced a cash dividend of Tk50 per share for the latest financial year with a record date of August 18.
The company will hold its annual general meeting on October 2.
Share price of the company closed at Tk1,860.4 in the Dhaka Stock Exchange on Thursday after witnessing a margin gain of 0.60% during the trading session.
Berger Paints Bangladesh was listed with the bourses in the year 2006.