Renata’s profit rises 55% to Tk 362 crore

Renata PLC reported a 14% revenue increase to Tk 3,771 crore and a 55% profit surge to Tk 362 crore in FY 2023-24. The company announced a 92% cash dividend, up from 62.5% last year. Export growth reached 4%, expanding to 50 countries. Renata achieved 12% growth in pharma, outpacing the industry’s 7%. Cost efficiency, new product procurement, and reduced finance costs contributed to the improved performance. The company remains the market leader in animal health with 9% growth.READ FULL