Marico profit drops in Apr-Jun

Marico Bangladesh, a subsidiary of the Indian multinational consumer goods company, reported a 4.7 per cent year-on-year decline in profit in the April-June quarter. 

The profit for the quarter stood at Tk 102 crore, down from Tk 108 crore a year ago.

Earnings per share of the manufacturer of Parachute coconut oil and Saffola edible oil slipped to Tk 32.67 in April-June against Tk 34.29 registered during the same quarter last year, according to the audited financial statements.

The board of the multinational company declared a 300 per cent interim cash dividend for the period that ended on June 30 based on the three-month financials, said Marico in a filing on the Dhaka Stock Exchange.

Shares of Marico Bangladesh fell 0.58 per cent yesterday.