Unilever Consumer Care makes Tk 73.05 crore profit in 2022

Unilever Consumer Care Limited posted a profit of Tk 73.05 crore in the financial year that ended on December 31, up 38.45 per cent year-on-year, the company said. 

The profit stood at Tk 52.76 crore in 2021.

The board of directors of the multinational company approved the audited financial statements for 2022 on Thursday.

It showed earnings per share rose to Tk 60.64 in 2022 from Tk 43.80 in 2021.

In 2022, the business saw a significant increase in raw and packing material cost that impacted the overall business performance, said Unilever in a disclosure.

While increased cost could not be covered up through price, the EPS showed an improvement mainly due to one-off benefit coming out of reassessment of past liabilities and obligations in light of the current business challenges. There had also been efficiency drives in trade spends and operating expenses, it said.

The net operating cash flow per share of Unilever Consumer Care declined 41.70 per cent to Tk 30.11 last year from Tk 51.65 a year earlier, mainly due to a significant increase in raw and packing material prices along with a significant increase in foreign exchange rate partly offset by the efficiency in trade spends and overhead expenses.

The net asset value per share was Tk 139.60 in 2022 compared to Tk 122.88 in 2021, an increase of 13.61 per cent.

"The increase in NAV resulted from improved profitability of the company," said the disclosure.

The multinational company has declared a 300 per cent dividend for 2022: 240 per cent cash dividend and 60 per cent stock dividend.