British American Tobacco Bangladesh Company (BATBC) announced that it made Tk1,324.08 crore in profit in the January-September period of this year, thanks to higher sales.
The amount was nearly 15% higher from Tk1,156.14 crore the multinational company raked in during the nine-month period a year earlier.
The earnings per share (EPS) were Tk24.52 for January-September, compared to Tk21.41 in the same period a year ago, according to the unaudited financial statements.
Gross revenue rose 25% to Tk7,933 crore in July-September and 9% to Tk26,571 crore in January-September.
The cost of sales was up 49% in the third quarter and 20% in the nine-month period.
Net finance expenses more than doubled to Tk44.86 crore in January-September.
The tobacco product manufacturer also posted a 40% year-on-year growth in profit to Tk409.86 crore in the July-September quarter.
It was Tk294.30 crore in the identical quarter a year prior.
The EPS was Tk7.59 in July-September against Tk5.45 in the same quarter of 2021.
The EPS increased for higher profit after tax driven by growth in volume, said BATBC in a filing on the Dhaka Stock Exchange (DSE) on Tuesday.
The net operating cash flow per share rocketed to Tk39.55 in January-September riding on higher cash collection from sales.
It was Tk1.20 during the same period in 2021.
The net asset value per share was Tk77.65 on September 30 and Tk68.13 on December 31.
BATBC's board of directors has declared a 100% interim cash dividend based on the third-quarter financial statement, the filing added.
