Earnings Report /
Bangladesh

Renata: Earnings growth c1% yoy in FY22; -30% yoy in Q4 FY22

  • In FY22, Renata reported EPS BDT 47.68 against BDT 47.22 in FY21, implying a c1% growth.

  • FY22 annual earnings underperformed expectations by c12% and Q4 FY22 earnings underperformed expectations by c40%.

  • c29% Dividend Payout in FY22. RENATA declared BDT 14.0 DPS, a 29.4% payout level in FY22.

IDLC Securities
25 October 2022
Published byIDLC Securities
  • Earnings growth c1% yoy in FY22; -30% yoy in Q4 FY22. EPS in Q4 FY22 stood at BDT 9.30 against BDT 13.28 in Q4 FY21, implying a 30.0% decline. In FY22, Renata reported EPS BDT 47.68 against BDT 47.22 in FY21, implying a c1% growth. The FY22 annual earnings underperformed our expectations by c12% and the Q4 FY22 earnings underperformed our expectations by c40%.

  • c29% Dividend Payout in FY22. RENATA declared BDT 14.0 DPS, a 29.4% payout level in FY22. It was slightly higher than that of 28.0% in FY21. Renata also declared 7.0% stock dividend in FY22 vs that of 10.0% in FY21.