RENATA: Annual Earnings Update FY23

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.

Particulars4QFY224QFY23YoY growthFY22FY23YoY growth
EPS (BDT)8.69-2.94-133.8%44.5620.4-54.2%
NAVPS (BDT)   256.43266.874.1%