Renata Limited (RENATA BD) posts 54.2% YoY profit decrease in FY23

·         RENATA BD’s profit fell by 54.2% YoY in FY23. The company also reported BDT 2.94 net loss after tax per share in 4QFY23.

·         Profits fell due to depreciation of BDT, high inflation, higher costs of energy, borrowing costs, and foreign exchange losses.

·         The company also informed that the Board of Directors of the company has decided to issue Redeemable, Cumulative, Non-Convertible and Non-Participative Preference Shares amounting up to BDT 3,500mn to refinance the existing loans with preference shares subject to approval from the shareholders.

·         The Board of Directors has also decided to issue Zero-Coupon Bond amounting (Issue price) up to BDT 5,000mn to refinance the existing loans subject to the approval from Bangladesh Securities and Exchange Commission.

·         The company declared 62.5% cash dividend for FY23.

Particulars	4QFY22	4QFY23	YoY growth	FY22	FY23	YoY growth
EPS (BDT)	8.69	-2.94	-133.8%	44.56	20.4	-54.2%
NAVPS (BDT)				256.43	266.87	4.1%