Berger Paints has secured a 26 per cent year-on-year growth in profit to Tk 1.18 billion in the third quarter through December last year, driven by higher sales amid a reduction in foreign exchange losses.
Berger, which follows the April-March financial year, posted a 5 per cent growth in sales to Tk 8.06 billion in the quarter to December.
Higher sales and significantly lower finance costs, largely due to a lower impact from currency devaluation against foreign currencies, helped the company secure healthy profit growth, said the company in its earnings note.
The multinational paint maker's foreign exchange loss was reduced to Tk 19 million during the quarter to December last year from Tk 76.4 million in the same quarter a year earlier, according to its financial statements.
Moreover, the company's investment income more than doubled year-on-year to Tk 115 million in the October-December quarter, while finance costs decreased by 50 per cent to Tk 47 million.
The cost of sales, which represents all associated costs to produce paints, stood at Tk 5.36 billion in the December quarter. It was nearly 66 per cent of total sales revenue in the quarter, down from 69 per cent in the same quarter a year earlier.
The paint maker also managed to offset the costs partially by adjusting sales prices, which resulted in a comparatively higher profit.
Berger's nine-month profit also grew 8 per cent year-on-year to Tk 2.67 billion in April-December last year, while net sales rose 4 per cent to Tk 21.4 billion during the period.
Berger Paints secured a record profit of Tk 3.37 billionfor the year ended in March 2025 since listing. The company paid a 525 per cent cash dividend for the year, the highest in seven years.
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