Reckitt Benckiser Bangladesh’s Q3 profit drops 9%
Its cash flow declined sharply in the first nine months of 2024
Reckitt Benckiser (Bangladesh) PLC's profit fell as its cash flow decreased significantly in the July-September quarter of this year.
The leading multinational fast-moving consumer goods company reported a profit of Tk 20.37 crore in Q3, down over 9 percent year-on-year.
For all latest news, follow The Daily Star's Google News channel. This decline resulted in earnings per share of Tk 43.13, compared to Tk 47.53 in the same quarter of 2023, as per the company's unaudited financial statements.
The company's profit in the first nine months to September was Tk 49.77 crore.
Reckitt's net operating cash flow per share (NOCFPS) dropped to Tk 60.66 in the January-September period of 2024, from Tk 195.6 in the same period last year, signifying liquidity challenges amid a profit dip.
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