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22 April, 2021 09:31:18 PM
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Lafargeholcim Bangladesh reports 98pc growth in net profit

Staff Reporter, Dhaka
Lafargeholcim Bangladesh reports 98pc growth in net profit

LafargeHolcim Bangladesh has announced a 98 per cent increase in net profit in the first quarter (Q1) of this year.

The company also saw a net sales growth of 23 per cent supported by launch of the new products and the new aggregate business, said a press release.

Net sales during the period have gone up to Tk 6,318 million over the same quarter of the last year. Operating EBIT increased to Tk 1,360 million, delivering 105 per cent growth over the same quarter last year.

“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,” Rajesh K Surana, CEO of the company, said.

“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.

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 statement further said.

HM

 

 

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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