Unilever Consumer Care Ltd reported that its profit fell by nearly 31 percent in the 2024 financial year due to factors including a decline in revenue.

The listed nutrition, hygiene, and personal care brand recorded earnings per share (EPS) of Tk 34.62 in 2024, down from Tk 49.89 a year ago.

As of 11:44 am, shares of Unilever Consumer Care dropped 0.58 percent to Tk 2,500 on the Dhaka Stock Exchange (DSE).

The company attributed the profit decline to 'a lower one-off benefit resulting from the reassessment of past liabilities and obligations, as well as the reimposition of technology and trademark royalty by the parent company from the third quarter of 2024 onwards'.

"The increase in expenses was partially offset through operational efficiency and the effective investment of cash, resulting in higher net finance income," Unilever Consumer Care said in a disclosure on the DSE website today.

Despite the earnings drop, the company declared a 520 per cent cash dividend for its shareholders, the highest in five years.

Unilever noted that although its profit declined, its net operating cash flow per share—an important indicator of a company's liquidity—rose to Tk 25.62 in 2024 from Tk 25.43 the previous year.

Its net asset value per share also increased, primarily due to a rise in cash and cash equivalents and short-term investments.