Markedium

Beximco Pharmaceuticals Ltd., one of Bangladesh's leading pharmaceutical exporters, reported a profit of Tk 586.67 crore for the fiscal year ended on June 30, 2024. This marked a 29 percent year-on-year profit increase for the listed drug manufacturer. The company's record performance prompted the board to recommend a 40 percent cash dividend, the highest payout in eight years. The profit growth also helped Beximco Pharma's shares soar 4.72 percent to Tk 73.2 at the Dhaka Stock Exchange as of 11:58 am on October 29, 2024. #Beximco #BeximcoPharma #Bangladesh #Brandupdates #Markedium

Marico Bangladesh Ltd., a leading FMCG company in the country, has maintained impressive profit growth despite the political challenges faced during the July to September quarter. 👉 In the first half of the 2024-25 fiscal year (April to September 2024), the company reported a profit of Tk 3,191.1 million. 👉 Revenue for H1 2024-25 grew by 8.9% year-on-year, driven primarily by strong performances in the Parachute Coconut Oil, Value Added Hair Oil (VAHO), and Health & Beauty segments. 👉 The Parachute Coconut Oil segment alone contributed an increase of Tk 280.4 million in revenue, while the VAHO and Health & Beauty segments saw significant growth of Tk 219.0 million and Tk 119.5 million, respectively. 👉 Notably, the company’s reliance on Parachute Coconut Oil has been steadily decreasing as other segments, particularly VAHO and Health & Beauty, continue to grow at double-digit rates. 👉 This trend is a positive indicator of Marico’s strategic objective of diversifying its revenue streams across a broader range of FMCG products. #Marico #BrandInsight #Brandtrack #bangladesh #Markedium

The July to September period of 2024 was challenging for the Bangladeshi business landscape, characterized by political unrest, internet shutdowns, and severe flooding. Despite these significant challenges, Grameenphone Ltd, the leading telecom operator in Bangladesh, managed to achieve a 1.1% year-over-year (YoY) profit growth for the third quarter of 2024. #Grameenphone #Brandtrack #Bangladesh #Markedium

BAT Bangladesh (BATB) has announced the appointment of Masud Khan as its new Independent Director. 👉 With an illustrious career spanning over 43 years across multinational and domestic companies, Masud Khan brings unparalleled expertise and strategic insight to BATB’s board. 👉 His diverse leadership experience includes serving as Chief Adviser to the Board at MI Cement Factory Limited (Crown Cement), Chairman of Unilever Consumer Care Limited, and Independent Director at Marico Bangladesh Ltd. and Singer Bangladesh Ltd. Additionally, he chairs the Audit Committees of both Berger Paints Bangladesh Limited and Singer Bangladesh. 👉 Previously, Mr. Khan held the position of Chief Financial Officer at LafargeHolcim Bangladesh PLC., where he showcased exceptional strategic oversight and governance. 👉 As a former employee of BAT Bangladesh, Mr. Khan held key positions including Management Accountant, Plant Controller, Chief Accountant, Audit Manager, and MRPII Programme Manager. During his tenure, he was instrumental in pioneering advanced systems in sales, finance, and operational planning, contributing substantially to the company’s financial growth and operational excellence. #BATBC #Leadership #Bangladesh #Brandupdates #Markedium

Khandaker Ishtiak Ahmed has been promoted to Business Director of Hygiene Products at ACI Ltd. He began his career in sales with Reckitt Benckiser before moving to GroupM, the world’s prominent media investment management company. He then joined Nestlé as the Lead for Media and Consumer Insights, where he played a pivotal role in building brand equity for Maggi, Nido, Nescafé, Munch, and various Nutrition products. Following his tenure at Nestlé, he joined New Zealand Dairy Products (BD) Ltd. as the Communication and Dairy Category Head. #ACI #Brandupdates #Bangladesh #leadership #Markedium

MA Jabbar, managing director of DBL Group, has been elected as the president of the Bangladesh Economic Zones Investors' Association (Bezia). Mr. Jabbar also serves as an adviser to the Bangladesh Ceramic Manufacturers and Exporters Association and as convener of the Bangladesh Semiconductor Industries Association. Additionally, he holds positions on the board of the Global Compact Network Bangladesh and the trustee board of the CSR Center Bangladesh. He represents DBL in the International Chamber of Commerce (ICC) Bangladesh and is a member of the advisory committee for British International Investment. In the 2023-24 fiscal year, DBL Group reported an annual turnover of $1 billion and employs over 47,000 people. #Bezia #Bangladesh #economy #Leadership #Industry #Markedium

Robi Axiata PLC. posted a 78% year-on-year profit growth, reaching Tk 188.7 crore in the July-September quarter of the 2023-24 fiscal year, driven by significant cost optimization measures. 👉 Despite this profit increase, Robi’s revenue fell by 5% in the third quarter compared to the previous one, attributed to a prolonged internet shutdown and severe flash floods across the country. 👉 During this period, voice revenue grew by 3.7%, but data revenue declined by a notable 15.5% quarter-on-quarter. 👉 The company recorded Tk 2,474.4 crore in revenue for the July-September period, a 2.7% decrease from the previous year. 👉 However, its cumulative revenue for the first nine months of the year reached Tk 7,594.6 crore, reflecting a 2.2% year-on-year growth. #Robi #Brandupdates #Telecom #BrandTrack #Markedium

Md Shakawath Hossain, CEO of Unique Hotel and Resorts PLC, has been honored as the Hotelier of the Year 2024 at the inaugural Bangladesh Travel, Tourism and Hospitality Awards, organized by The Bangladesh Monitor. The award ceremony, held on October 5, 2024, at InterContinental Dhaka, celebrated outstanding contributions to Bangladesh’s tourism and hospitality industry. Mr. Hossain received the award from Peter A. Semone, Chairman of the Pacific Asia Travel Association (PATA); Abdul-Muyeed Chowdhury, Chairman of Biman Bangladesh Airlines; and Abu Taher Md Jaber, CEO of Bangladesh Tourism Board. With a career spanning over two decades, Shakawath Hossain has been a pivotal force in advancing Bangladesh’s hospitality sector through innovation. He is uniquely recognized as the only Bangladeshi hotelier who combines industry expertise, academic contributions, and research, currently pursuing a PhD in Tourism and Hospitality Management at the University of Dhaka. #uniquehotel #industryUpdates #Hospitality #Bangladesh #markedium

DBH Finance PLC. reported a strong 40% growth in net profit after tax for the July-September quarter of 2024. Operating profit increased by 18% in Q3 and showed a 22% growth over the first nine months of the year. Earnings per Share (EPS) surged to Tk 1.68 for Q3, up from Tk 1.20 in the same period last year. For the January to September period, EPS reached Tk 3.73, compared to Tk 3.66 in the corresponding period of the previous year. By the end of September 2024, DBH’s loan disbursement rose by 18% year-on-year, driven by geographic and product line expansions. DBH also recorded an impressive 11.20% growth in core deposits from individual and corporate customers for the January to September period, reflecting sustained customer trust. #DBHFinance #Brandupdates #Bangladesh #Markedium

Bata Bangladesh reported a loss in the July-September quarter of this year, as stated in its stock exchange disclosure. The company recorded a Tk 13 crore loss, translating to a loss per share of Tk 9.34 for the quarter. For the first nine months of this year, earnings per share (EPS) stood at Tk 17.81, marking a 42% decrease from the same period last year. Despite the quarterly loss, Bata Shoe recommended a 340% interim cash dividend based on its Q3 2024 results and retained earnings as of December 31, 2023. The record date for the interim cash dividend entitlement is set for November 19. As of 11 am on October 31, Bata Shoe shares were trading at Tk 930.20 on the Dhaka Stock Exchange, a 1.85% decrease from the previous session. #Bata #Brandupdates #brandtrack #Bangladesh #markedium