● Net sales up by staggering 26%
● EPS increased by 45%.
Consolidated Financial Results: July-September, 2021 & YTD September, 2021
“The Company has delivered yet another exceptional quarter backed by strong cost control and efficiency improvements. In addition, our new product launches are highly successful and our customers continue to repose faith in our widest range of products and solutions. Our digital business has taken off to a new league of growth and creates potential for continued momentum. We thank our employees and business partners for their continued support that ensured the growth momentum”
Net Sales during the Q3, 2021 has gone up to 4,602 mBDT from 3,655 mBDT while operating EBIT increased to 1,215 mBDT from 844 mBDT from Q3 last year. In the first nine months, the company achieved superlative EPS growth of 106%, supported by cost optimization and digital initiatives. The company was also successful in compensating a significant portion of the increased input cost through commercial action.
Strengthening our digital footprint, maximising the market outreach by further getting closer to end customers, relaunching of one of our flagship brands “Supercrete” and driving seamless cost effectiveness programs have played an instrumental role to achieve such strong results.
Bangladesh’s cement industry has experienced continuous growth in the recent years. The industry experienced approximately 11.5% growth rate over the last decade. Backed by the country’s economic development, rapid urbanization, government infrastructure projects, and real estate sector growth, we are optimistic about the future prospect of the industry.