The listed pharmaceutical issues were the best performers in the country's capital markets in the calendar year 2013 amid a 12.6 per cent fall in profitability by other major sectors.
The giant banking sector performed the worst with a loss of 47.6 per cent in first nine months in 2013.
The sectoral profitability status was revealed by a yearly review of the listed companies of the capital market conducted by the LankaBangla Securities.
"All profit margins have improved for most of the pharmaceutical companies as the BDT appreciated against the US dollar and financial expenses have been reduced on declining interest rate," the study said.
It said the listed Pharmaceuticals and Chemicals and Fast-Moving Consumer Goods (FMCG) companies jointly recorded 33 per cent growth in net profit in January to September of 2013 in comparison to similar period of the previous year.
In terms of profitability, all listed securities in the Pharmaceutical sector passed the year 2011 and 2012 with a stress due to economic slowdown and the depreciation of BDT and high interest rate.
Among the sectors of listed companies, the textile sector registered a noticeable growth of 20.7 per cent as the sector shares 80 per cent of the country's total exports.
"In Financial Year (FY) 2012-13, the RMG export growth was 12.71 and continued to remain robust in the first five months of the FY 2013-14," the study of the LankaBangla securities said.
The profitability decline by the banking sector was the highest among all sectors of listed companies in first nine months in 2013 as the private commercial banks witnessed a fall of 13.48 per cent in market capitalisation due to decline of 47.6 per cent in profitability.
This sector posted a total income growth of 5.6 per cent only whereas the non-interest income growth was 24.0 per cent and interest income experienced declined by 9.9 per cent.
Among the remaining sectors, the telecom witnessed a decline of 16.9 per cent.
At the end of 2013, the number of listed companies of 18 sectors, other than the Corporate Bond, Debenture, Mutual Funds and Treasury Bond, stood at 256.
The banking sector has 30 companies, whereas the Cement sector seven, Ceramics sector 5, Engineering sector 26, Financial Institutions sector 23, Food and Allied sector 17, Fuel and Power sector 15, Insurance sector 46, IT sector six, Jute sector three, Miscellaneous sector nine, Paper and Printing sector one, Pharmaceuticals and Chemicals sector 24, Services and Real Estate sector three, Tannery Industries sector five, Telecommunication sector two, Textile sector 31 and Travel and Leisure sector three.
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