LafargeHolcim continues to prize shareholders
LafargeHolcim Bangladesh declared 10 % income dividend for 2019, which is equivalent to in the last four years, as the cement maker continues to hold steady amidst a growth in raw material rates.
The only green field company of the currency markets took 12 years to get started on paying dividends, but now it really is providing dividends each year. The cement enterprise got listed in 2003.
Now, its earnings per share (EPS) can be increasing though it dropped abruptly in 2017. In 2017, the business's EPS fell 64 % to Tk 0.69.
The business's EPS rose 56 % year-on-year to Tk 1.50 found in 2019. Its initiatives on expense optimisation helped it to attain a rise of profit-after-tax by 56 % to Tk 173.7 crore.
LafargeHolcim Bangladesh now owns four cement plants, like the country's only operational integrated cement plant in Chhatak.
"2019 was a challenging 12 months for the cement market," said Rajesh Surana, ceo of LafargeHolcim Bangladesh.
The impact of the upsurge in raw material costs and extra taxes was significant.
"Despite this effects, LafargeHolcim demonstrated a solid performance trend. Our give attention to improving operational efficiencies, driving commercial innovation and expense optimisation is still effective."
The business's consolidated sales revenues for the entire year rose to Tk 1,784 crore, up by Tk 120.8 crore from 2018.
The cement manufacturers' stock price rose about 33.86 % to Tk 42.3 within the last three months.
The business has three subsidiaries: Holcim Bangladesh, Lafarge Umiam Mining and Lum Mawshun Minerals.
"Now, the company gets the benefits associated with the amalgamation since it previously has reduced various kinds of costs," said the official of the business requesting anonymity.
LafargeHolcim Bangladesh acquired 100 per cent shares of Holcim Cement (Bangladesh) for Tk 504.7 crore. The transfer of shares of Holcim Cement was accomplished on January 7, 2018.
The company geared to increase earnings and reduce unneeded costs simultaneously, the official said.
