Linde Bangladesh posts sharp profit decline in Jan-Sep period
Although its revenue for the January to March period remains flat to Tk167 crore.
Linde Bangladesh, a multinational industrial and medical gas producer, has reported a sharp decline by 95% in its net profit to Tk28.61 for the first nine months of 2025 ended on March.
Although its revenue for the January to March period remains flat to Tk167 crore.
At the same time of the previous year, the company had reported Tk628.58 crore profit mostly originated from selling its hardgoods business to the EASB Group, an American-Swedish industrial company.
Its earnings per share (EPS) during the first nine months of the year declined to Tk18.80, lower from Tk413.05 in the same time of the previous year.
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Its net asset value (NAV) per share also declined to Tk208.14, and net operating cash flow per share declined to Tk8.25 at the end of March 2025.
The company said its EPS in the first nine months of 2024 was higher due to one-off income resulting divestment of hardgoods business.
Linde said its net asset value per share declined, primarily due to higher dividend payments, partially offset by profits earned during the period. Cash flow also decreased owing to the settlement of liabilities during the same period.
According to its statement of cash flow, at the end of September 2024, its net proceeds from sales shares of Linde Industries Pvt Limited was Tk794.76 crore.
In May last year, Linde Bangladesh announced in a disclosure that it had decided to sell its key revenue-generating segment — the welding electrodes business — to ESAB Group. The company sold its stake in its subsidiary, Linde Industries Pvt Limited, which operated the welding electrodes division.
It held 13.82 crore shares in its welding subsidiary, while its company secretary, Abu Mohammad Nisar, owned just one share.
According to its disclosure, the firm transferred its holdings to ESAB Middle East FZE, and Abu Nisar transferred his share to Exelvia International Holdings, a subsidiary of ESAB Group.
According to the ESAB website, it is a world leader in welding and cutting equipment and consumables, with business operations in 140 countries and 26 manufacturing hubs across the globe.
Linde Bangladesh, incorporated in 1973 and listed on the DSE in 1976, entered the welding electrode business in 1979.
In 1995, it established its first electrode plant in Rupganj and subsequently expanded it with three additional production lines to boost electrode production.
Linde Bangladesh paid a record-high 4,500% cash dividend for its shareholders in 2024. This includes a 400% final cash dividend and a 4,100% interim cash dividend, which was declared during the first seven months of the year.
