Aarong Milk Price Raised to Tk 100 per Litre

Linde Bangladesh reported a dramatic profit increase of 264 times in the third quarter of 2024, primarily due to the sale of its welding business, earning Tk 7.72 billion despite an operational loss of Tk 267 million. Although revenue rose 3% to Tk 1.68 billion, this did not translate into operational profits, with costs surging 228% to Tk 430 million due to retirement benefits paid post-sale.

Aarong, the market leader in liquid milk, has increased its prices by Tk 10 per liter, setting the new retail price at Tk 100 for one liter and Tk 50 for half a liter. This marks the first price adjustment since August 2022, driven by rising production costs, including a Tk 5 increase in payments to farmers for raw milk.

Trust Bank's net profit for Q3 2023 reached Tk 123.04 crore, a 3% year-on-year increase, driven by higher investment income and increased deposits. Earnings per share (EPS) rose slightly to Tk 1.33. The bank's consolidated net cash flow per share grew to Tk 24.6, thanks to more deposits than loans disbursed.

Grameenphone and Robi Axiata have begun paying for additional 20 MHz spectrum from the 2.6 GHz band, costing Tk1,160 crore each, payable in eight instalments over eight years. The first instalment of Tk145 crore was made on August 31.

Bank Asia PLC reported a loss of Tk 103.13 crore in Q3 2024, a significant reversal from a Tk 27.74 crore profit the previous year, leading to a loss per share of Tk 0.89. The bank attributed the decline to increased provisions.

Reckitt Benckiser (Bangladesh) PLC saw a decline in Q3 profit due to reduced cash flow. Profit for the quarter stood at Tk 20.37 crore, marking a 9% year-on-year drop, leading to an earnings per share (EPS) of Tk 43.13, down from Tk 47.53 the previous year.