Linde Bangladesh posts 23% lower profit

Linde Bangladesh Limited reported a 23 per cent decline in profit to Tk 21.05 crore in the July-September quarter of 2022.

The multinational gas manufacturer made Tk 27.38 crore in profit in the third quarter of 2021.

Thus, earnings per share were Tk 13.83 in July-September this year against Tk 17.99 during the same period last year, according to the un-audited financial statements. 

The EPS decreased mainly for the higher price of raw materials in international markets coupled with an unfavourable foreign currency rate and a sharp decline in revenue in the healthcare segment due to the improvement in the coronavirus situation, said the company in a filing on the Dhaka Stock Exchange today.

Linde Bangladesh earned Tk 74.24 crore in the January-September period, down from Tk 90.41 crore a year earlier.

The EPS stood at Tk 48.78 in the January-September period of 2022, down from Tk 59.41 in January-September of 2021.

The net operating cash flow per share slipped to Tk 36.78 for January-September against Tk 44.13 during the same period last year.

The net asset value per share was Tk 389.34 on September 30 this year and Tk 375.16 on the same day last year.

Linde Bangladesh's products include liquid and gaseous oxygen and nitrogen, argon, acetylene, carbon dioxide, dry ice, refrigerant gases, lamp gas, medical oxygen, and nitrous oxide.