LafargeHolcim Bangladesh continues its growth momentum in Q2, Operating EBIT surges by solid 342%
● Net Sales growth of 79 in Q2, 2021 (Apr-June) is a strong manifestation of a wider acceptance of our newly launched brand and reflection of customers’ confidence on our new “Aggregate” business
● EPS increased by a staggering 248
Consolidated Financial Results for the Period ended 30th June 2021
| Particulars |
Q2 |
Q2 |
Growth ( ) |
|
| 2021 |
2020 |
|||
| Net Sales |
mBDT |
4,737 |
2,641 |
79 |
| Operating EBIT |
mBDT |
1,187 |
268 |
342 |
| Operating EBIT Margin |
|
25 |
10 |
|
| Profit after Tax |
mBDT |
1,117 |
321 |
248 |
| Earnings Per Share ( EPS) |
BDT |
0.96 |
0.28 |
248 |
Mr. Rajesh Surana, CEO LafargeHolcim Bangladesh Ltd. said:
“We have remained steadfast in our journey of being innovative and sustainable. Our ‘Holcim Water Protect’, sustainable waste management solution ‘Geocycle’, new Aggregate business has set a solid momentum. Indomitable passion and spirit of our employees has helped to deliver such sustained performance.”
Performance
Net Sales during the Q2, 2021 has gone up to 4,737 mBDT from 2,641 mBDT while operating EBIT increased to 1,187 mBDT from 268 mBDT from Q2 last year. The company was successful in managing significant portion of the increased input cost through effective pricing.
Company’s pursuit in strengthening the digital footprint, maximizing the outreach by bringing in innovative channel implementation, unveiling of the new look of Supercrete, driving seamless cost effectiveness programs, all these have played very instrumental role.
Outlook
Bangladesh has very encouraging growth indicators and is steadily emerging as a potential hub in the region. The Company is very optimistic on the future economic growth, particularly in the construction industry.
About LafargeHolcim Bangladesh:
LafargeHolcim Bangladesh Ltd. (LHBL) is a frontline cement producer in Bangladesh. Operating for almost two decades, it has invested ~ US$ 500 million in building one fully integrated cement plant and three grinding plants, the largest foreign direct investment in the sector. It is a joint venture of Holcim Group based in Switzerland and Cementos Molins based in Spain. With state-of-the art technology and well groomed staff, the company produces world class cement to meet the growing demand generated by massive infrastructure development programs and improved socio economic conditions of the country. The company has provided direct and indirect employment opportunities for over 3000 people.
With its grip in global standards and strength in innovations, LafargeHolcim Bangladesh Ltd. is also regarded as a dependable solution provider in construction materials. It is producing and supplying customized cement for high profile projects in the country.
