Best Holdings Limited, the owner of Le Méridien Dhaka, experienced significant revenue growth during the July-March period of fiscal 2023-24, attributed to a surge in foreign guests. Revenue soared by 25% to Tk299 crore, compared to Tk240 crore in the same period of the previous fiscal year. Recently, its shares closed 1.44% higher at Tk35.30 each on the Dhaka Stock Exchange (DSE). Having recently entered the stock market, the company raised Tk350 crore from the stock market to fund ongoing projects.
Revenue for the nine months through March totaled Tk105 crore, marking a 31% increase over the previous year. In the January-March quarter, earnings per share rose to Tk0.99 from Tk0.86 a year ago, with a net asset value per share of Tk53.45. And profit after tax for January-March amounted to Tk33.53 crore, compared to Tk27.60 crore a year earlier.
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