Reckitt reports 18% earnings drop

Reckitt Benckiser (Bangladesh) PLC made a profit of Tk 65.91 crore in the year that ended on December 31, down 18.44 per cent year-on-year.    

The maker of Harpic, Mortein and Dettol raked in a profit of Tk 80.81 crore in 2021. Thus, Reckitt Benckiser reported earnings per share of Tk 139.50 for last year against Tk 171.03 a year earlier.

The net asset value per share of the local operation of the multinational company slipped to Tk 176.80 in 2022 from Tk 200.65 in 2021. The net operating cash flow per share, however, rose to Tk 271.66 from Tk 134.90 during the period.

The board of directors of Reckitt Bangladesh recommended a 980 per cent final cash dividend for 2022, according to a posting on the Dhaka Stock Exchange. This is the lowest cash dividend in four years.

Reckitt's shares were unchanged at Tk 4,760.70 on the DSE yesterday.