Earnings Report /
Bangladesh

Linde Bangladesh Ltd: Lower opex and tax cut boosted earnings; reiterate Buy

  • LINDE BD reported 2Q CY 21 NPAT of BDT343mn (EPS: BDT22.54), implying a c370% yoy growth

  • 2QCY21 revenue increased by c105% YoY to BDT1,254mn due to base effect; 2Q CY 21 GPM stood at 43.4%, down by 343bps YoY

  • Opex/sales stood at c10%,-21% yoy. Also, tax cut from recent budget offset the impact of lower GPM & led earnings growth

Joy Bhattacharjee
Joy Bhattacharjee

Research Associate

Auneea Haque
Auneea Haque

Research Associate

IDLC Securities
29 July 2021
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