Berger Paints, the lone listed multinational paint producer in Bangladesh, saw 5 percent higher profits in the first quarter (April-June) of 2023.

The company registered profits of Tk 97 crore in the April-June period, up from Tk 92 crore in the same quarter of the previous year.

Berger's net asset value per share rose to Tk 300 up from previous year's Tk 279 at the same time.

After news of the higher profits broke, stocks of the company advanced 1.04 percent to Tk 1,771 at the Dhaka Stock Exchange yesterday.

Berger provided 400 percent cash dividend for its shareholders for the year 2022.