Unilever Consumer Care’s Q3 profit plummets 48% as revenue declines

Unilever Consumer Care Ltd experienced a significant 48% decline in profit during Q3 2024, dropping to Tk 15.92 crore from Tk 31.16 crore in the same period last year. The company’s EPS fell to Tk 8.26 from Tk 16.17. The decline was attributed to reduced revenue, lower one-time benefits from liability reassessment, and new technology and trademark royalty charges from the parent company. Despite operational efficiency improvements, net operating cash flow per share decreased to Tk 7.52.READ FULL