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British American Tobacco Bangladesh Q2 profit climbs 21.1% YOY

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British American Tobacco Bangladesh Q2 profit climbs 21.1% YOY

British American Tobacco Bangladesh Co. Ltd. said its normalized net income for the second quarter came to 36.18 taka per share, an increase of 21.1% from 29.88 taka per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.17 billion taka, an increase of 21.1% from 1.79 billion taka in the year-earlier period.

The normalized profit margin climbed to 20.5% from 19.7% in the year-earlier period.

Total revenue rose 16.6% year over year to 10.62 billion taka from 9.11 billion taka, and total operating expenses rose 14.1% year over year to 7.11 billion taka from 6.23 billion taka.

Reported net income declined 40.3% year over year to 972.8 million taka, or 16.21 taka per share, from 1.63 billion taka, or 27.17 taka per share.

As of July 16, US$1 was equivalent to 77.72 taka.