Bizdata Insights Main Logo

BizData Insights

Linde Bangladesh Profit Decline by 35%

Industry: LNG
Company: Linde Bangladesh Limited
Company Intelligence Tag: Business Insights

Linde Bangladesh Ltd reported a 35% year-on-year profit decline to Tk 48 crore in the first nine months of 2023. The company’s earnings per share (EPS) also fell significantly to Tk 31.89 from Tk 48.78 in the same period last year, primarily due to increased expenses on imported materials and services. In the July-September quarter of 2023, the company’s profit reached Tk 20 crore, a 4% decrease compared to Tk 21 crore in the previous year. The EPS for this quarter stood at Tk 13.48 in 2023, down from Tk 13.83 the previous year. Linde Bangladesh’s net cash flow per share also declined by 18% year-on-year to Tk 30.14. The multinational company produces various gases and related products, including oxygen, nitrogen, acetylene, and more.

Source for more details:

Related News

HC Directs ICB to Extend Sea Pearl’s Debt Repayment Period to 10 Years

May 29, 2024

The High Court instructs the Investment Corporation of Bangladesh (ICB) to grant Sea Pearl Beach Resort & Spa an additional 10 years to settle Tk 4.38 billion dues accumulated until April. Sea Pearl, having paid only Tk 730 million against Tk 3.25 billion bonds issued in 2017, will repay the principal plus interest in 10 equal installments.

Govt Takes Steps to Revive RR Textile and Rajshahi Textile Mills

May 29, 2024

The Government has taken significant steps to revive the RR Textile and Rajshahi Textile Mills in Sitakunda and Rajshahi, respectively, under the control of Bangladesh Textile Mills Limited (BTMC) through the Public-Private Partnership (PPP) system. The Cabinet Committee on Economic Affairs, chaired by the Finance Minister, has given in-principle approval to launch these two textile mills on a PPP basis.

Amazon Seeks Central Bonded Warehouse Facility in Bangladesh

May 29, 2024

Amazon is seeking central bonded warehouse facilities in Bangladesh to capitalize on tax benefits and enhance its retailing operations for domestic and international markets, as the State Minister for Commerce reported. This move aligns with Amazon's strategy to expand its business through the procurement of goods for its global supply chain.

Director of Prime Bank to Acquire 5.25 Lakh Shares

May 29, 2024

Prime Bank Plc's director representing East Coast Shipping Lines Limited, has announced plans to purchase 525,000 shares of the bank. The acquisition will occur through the Dhaka Stock Exchange (DSE) either in the block market or the public market within 30 working days. This information was sourced from DSE reports.

BB Enhances Software for Faster Treasury Bond Transfers

May 29, 2024

Bangladesh Bank is upgrading its treasury bond management software to resolve delays in transferring government securities to beneficiary owner (BO) accounts post-purchase by individual investors. A letter to the Bangladesh Securities and Exchange Commission (BSEC) chair last week informed about the initiative.

UCB to Sponsor Tk 50 Crore to Capitec Asset’s Mutual Fund

May 29, 2024

United Commercial Bank (UCB) has decided to sponsor an upcoming closed-end mutual fund managed by Capitec Asset Management, with a commitment of Tk50 crore. The bank's board of directors has approved this decision. The growth fund, which focuses on investing in high-potential companies for faster growth, is set to have a target size of Tk150 crore.

Related News

HC Directs ICB to Extend Sea Pearl’s Debt Repayment Period to 10 Years

May 29, 2024

The High Court instructs the Investment Corporation of Bangladesh (ICB) to grant Sea Pearl Beach Resort & Spa an additional 10 years to settle Tk 4.38 billion dues accumulated until April. Sea Pearl, having paid only Tk 730 million against Tk 3.25 billion bonds issued in 2017, will repay the principal plus interest in 10 equal installments.

Govt Takes Steps to Revive RR Textile and Rajshahi Textile Mills

May 29, 2024

The Government has taken significant steps to revive the RR Textile and Rajshahi Textile Mills in Sitakunda and Rajshahi, respectively, under the control of Bangladesh Textile Mills Limited (BTMC) through the Public-Private Partnership (PPP) system. The Cabinet Committee on Economic Affairs, chaired by the Finance Minister, has given in-principle approval to launch these two textile mills on a PPP basis.

Amazon Seeks Central Bonded Warehouse Facility in Bangladesh

May 29, 2024

Amazon is seeking central bonded warehouse facilities in Bangladesh to capitalize on tax benefits and enhance its retailing operations for domestic and international markets, as the State Minister for Commerce reported. This move aligns with Amazon's strategy to expand its business through the procurement of goods for its global supply chain.

Director of Prime Bank to Acquire 5.25 Lakh Shares

May 29, 2024

Prime Bank Plc's director representing East Coast Shipping Lines Limited, has announced plans to purchase 525,000 shares of the bank. The acquisition will occur through the Dhaka Stock Exchange (DSE) either in the block market or the public market within 30 working days. This information was sourced from DSE reports.

BB Enhances Software for Faster Treasury Bond Transfers

May 29, 2024

Bangladesh Bank is upgrading its treasury bond management software to resolve delays in transferring government securities to beneficiary owner (BO) accounts post-purchase by individual investors. A letter to the Bangladesh Securities and Exchange Commission (BSEC) chair last week informed about the initiative.

UCB to Sponsor Tk 50 Crore to Capitec Asset’s Mutual Fund

May 29, 2024

United Commercial Bank (UCB) has decided to sponsor an upcoming closed-end mutual fund managed by Capitec Asset Management, with a commitment of Tk50 crore. The bank's board of directors has approved this decision. The growth fund, which focuses on investing in high-potential companies for faster growth, is set to have a target size of Tk150 crore.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here