Listed companies sprint to pre-Covid profit level
Combined profit of the majority of the listed companies surpassed the pre-Covid level in October-December quarter, pointing to a fast rebound in business and economic activities.
An analysis of 185 listed companies representing pharmaceuticals, fuel and power, textile and apparel, IT and telecom, steel, cement, ceramic, automotive, leather, food and consumer goods showed that the combined profits rose 26 per cent year-on-year to Tk 3,758 crore in the last quarter of 2020.
The cumulative profit was Tk 3,252 crore in the July-September period because of a pickup in business and consumer confidence, thanks to the reopening of the economy following a strict nationwide shutdown in April and May.
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