Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Beacon Pharmaceuticals witnessed the highest-ever quarterly profit of Tk 522 million for the first quarter of FY26, registering a 45 per cent year-on-year increase over the same quarter last year.
The drug manufacturer's sales revenue jumped 46 per cent year-on-year, according to a stock exchange filing on Wednesday, to Tk 4.09 billion in July-September, supported by an expanded distribution network.
"Sales of the oncology and antibiotics segment increased significantly, leading to higher revenue and profit," said an official of the company, requesting not to be named.
Beacon Pharma stands as a pioneer in Bangladesh's oncology segment, holding a 75 per cent local market share, he claimed.
The company's operating profit also soared 27 per cent year-on-year to Tk 974 million in the quarter to September this year.
Alongside higher sales, other income, particularly from bank deposits, also boosted profit, according to the company's financial statements.
Following the latest earnings disclosure, the stock of Beacon Pharma rose 0.55 per cent to Tk 109.8 per share on Wednesday on the Dhaka Stock Exchange, despite the overall market remaining in the red.
The drug maker's annual profit also rose 81 per cent year-on-year to Tk 947 million in FY25, driven by record sales and higher investment income. It recorded 17 per cent year-on-year sales growth to Tk 12.54 billion in the year.
The board of the company also declared a 21 per cent cash dividend only for general shareholders, the highest since its stock market listing.
The country's growing population, coupled with rising awareness of healthcare needs, has amplified the demand for medicines, particularly for managing chronic diseases, industry insiders say.
The aftermath of the Covid-19 pandemic has further accentuated the importance of healthcare, leading to the heightened focus on medical preparedness and infrastructure, which in turn has positively impacted the pharmaceutical industry.
babulfexpress@gmail.com