Unilever Consumer Care posts 8% fall in Q2 profits

Unilever Consumer Care, previously known as GloxoSmithKline, registered a fall in profits in the April-June period of 2023.

The company's profits dropped 8 percent year-on-year to Tk 16.5 crore in the second quarter of this year, according to the company's financial report.

So, its earnings per share also fell to Tk 8.57, which was Tk 9.37 in the same period of the previous year.

The seller of famous nutritional drink Horlicks witnessed 8 percent fall in sales in the second quarter of 2023, which stood at Tk 82 crore, down from Tk 90 crore of the same period of 2022.

Though the profits of the company dropped in the second quarter, its half-yearly profit rose depending on higher profits in the first quarter.

The multinational company's profits rose 4.5 percent year-on-year to Tk 36 crore in January to June period of 2023.

Stocks of the company traded at a 0.24 per cent higher rate from the previous day to hit Tk 2,034 today at the Dhaka Stock Exchange.