Page 13 - IBT August 2021 Issue

Snippets

August 2021

Unilever records
26pc profit
cuts in Q2
Despite higher sales, profits of
Unilever Consumer Care, formerly
known as GlaxoSmithKline, dropped
in the April-June period of 2021 as
duty on raw materials rose and bank
interest income fell, states a report in
The Daily Star. The multinational
company's sales rose 8 per cent to Tk
89.58 crore in the second quarter of
the year. However, its profits were First profit in almost
down 26 per cent to Tk 10 crore from two years for Boeing
Tk 13.7 crore year-on-year. Boeing Co posted its first quarterly profit in almost two years, as deliveries
Unilever is one of the world's leading of its best-selling 737 MAX jets to airlines gained traction amid a sharp
consumer goods companies, making rebound in travel bookings following an increase in global Covid-19
and selling nutrition, hygiene and vaccinations, states The Daily Star.
personal care products under around The 737 MAX is integral to Boeing's financial recovery, as the US
400 brands in more than 190 planemaker scrambles to recoup billions of dollars in lost sales from the
countries. In the half yearly, its sales pandemic, push past the safety scandal caused by two fatal 737 MAX
increased 11 per cent to Tk 20 crore. crashes, and deal with structural defects of its bigger, more profitable 787
However, profits dropped 29 per cent planes. Boeing shares were up nearly 6 per cent at $235.18 in early
to Tk 22.38 crore. trading following the results, which were also fueled by higher defense
and services sales.

Wheat import dips

due to pandemic

Wheat import has declined by 15 per cent, or 9.91 lakh tonnes, year-on-year in
fiscal 2020-21 for international price hike and a fall in local demand due to the
pandemic, reports The Daily Star. Importers say bakery and restaurant sales
have dropped while international market prices rose 7 per cent to 10 per cent for
decreased production and stockpiling by some countries.
Some 54.43 lakh tonnes were brought over in fiscal 2020-21 whereas it was
64.34 lakh tonnes in fiscal 2019-20, according to the food ministry. The average
price of each tonne imported last fiscal year was Tk 21,112. Currently, it is Tk
22,685. The price has gone up by Tk 1,573, or 8 per cent, per tonne, according to
the National Board of Revenue (NBR). Being an essential commodity, wheat
bears no import tariff.

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