LafargeHolcim Bangladesh delivers robust performance in a challenging 2nd quarter, 2022
- Growth momentum continues, Net Sales Growth of 6%.
- Consolidated operating EBIT reached 129 crore Taka, an increase of 9%.
- Earnings Per Share (EPS) increased by 10%.
Consolidated Financial Results for Q2 & H1, 2022
Mr. Rajesh K Surana, CEO of the company said:
“I would like to thank all the employees, channel partners and stakeholders of LafargeHolcim Bangladesh family for their remarkable attitude as we navigate through challenging times due to increased cost of freight and raw materials globally. I am extremely proud of how my team came up with innovative ideas to address the challenges. With continuous emphasis on Agility, Cost & Innovation, we demonstrated strong performance in the second quarter of 2022, setting a solid foundation for rest of the year.
I am very encouraged by our performance in the second quarter. Our innovative products, efficient distribution channels, new e-commerce platform and aggregates business ensured strong growth momentum. Geocycle, the waste management facility of the company, is helping us to accelerate the reduction of CO2 emission and also generate alternate fuel sustainably. Most importantly, our colleagues have kept their focus on our key long-term value creation drivers to become the leader in innovative and sustainable building solutions.”
Performance:
Net sales during the quarter increased by 6% to 5,014 mBDT compared to 4,737 mBDT
Interim Dividend
The Board of Directors of LafargeHolcim Bangladesh Limited has declared payment of interim cash dividend @ 15% at Tk. 1.50/- per Equity Share of Tk.10 face value aggregating to Tk. 174 crore for the half year ending June 2022.
Outlook
For the rest of the year, we expect Industry to return to growth and LafargeHolcim Bangladesh is very optimistic to overcome the challenges and continue to deliver strong performance, as we demonstrated this quarter.
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. The company has provided direct and indirect employment opportunities for over 3000 people.
With its grip on global standards and strength in innovations, LafargeHolcim Bangladesh Limited 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
