LafargeHolcim Bangladesh delivers yet another exceptional quarter, Net Profit registers staggering 98% growth
- Net Sales growth of 23 supported by launch of the new products and the new aggregate business
- Operating EBIT increases by stunning 105 with 900 basis points margin improvement
Consolidated Financial Results for the Period ended 31st March 2021
Mr Rajesh K Surana, CEO of the Company said:
“We have continued the journey of strong performance with clear focus on innovation and sustainability. Our new water repellent cement and the new business channel “direct to retail” have got off to a solid start. This is yet another manifest of our continued endeavour in serving our customers better by realizing their needs.”
“We have also started producing clear size aggregates effective this quarter which is an import substitution & has potential of saving substantial foreign exchange for the nation. This is reassuring that we have started receiving positive response for this product from our customers” He added.
Net Sales during the Q1, 2021 has gone up to 6,318 mBDT resulting in 23 growth over the same quarter of the last year. Operating EBIT increases to 1,360 mBDT delivering 105 growth over the same quarter last year.
The company recently launched specialised water proof cement “Holcim Water Protect” which is first of its kind in the market and has started yielding incremental growth for the company. Strengthening the digital foot prints and improving customer reach are some of the other initiatives helping the company to be more effective and efficient in the marketplace.
The Company has a strong positive outlook for the construction & building materials industry in the short to medium term. The government’s focus on sustained economic growth supported by policy reforms and investment in infrastructure projects shall continue to help improving the economic fundamentals.
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 LafargeHolcim 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 in 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.