LafargeHolcim Bangladesh Limited has posted a record profit of Tk521 crore in the first nine months of this year, marking the highest ever in the company’s history.
The multinational cement manufacturer reported a remarkable increase in profit, with a surge of over 58% during the January-September period compared to the same time last year, as stated in a company press release.
At the end of the first three quarters of 2023, LafargeHolcim Bangladesh achieved earnings per share of Tk4.49.
Furthermore, the company’s revenue witnessed substantial growth, soaring by more than 27% to Tk2,164 crore in the first nine months of this year compared to the same period in the previous year.
In the July-September quarter, LafargeHolcim Bangladesh’s revenue and profit showed impressive growth, increasing by 12% and 41% to Tk639 crore and Tk159 crore, respectively, compared to the same quarter in the previous year.
Iqbal Chowdhury, Chief Executive Officer, LafargeHolcim Bangladesh, expressed gratitude to all the members and stakeholders of the company for their outstanding achievements over the past nine months, even in the face of challenging economic conditions and significant currency devaluation.
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He emphasised that these results underscore the strength of their resilient team and their efforts to expand the business, even in an uncertain economic environment.
Iqbal Chowdhury further said the third quarter’s performance demonstrates the strength of our diverse product portfolio and strategic presence driven by innovative products, high-value solutions, digital footprint, and new channels.
“Our Geocycle project stands as a pioneering sustainable waste management solution in the country. We want to make a tangible contribution to bringing our society a step closer to a zero-waste future by managing more waste in the coming years,” he said.
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“We shall continue to focus on expansion of channels, exploring new business opportunities, and developing innovative products and solutions to bolster our sustainable growth moving forward,” the CEO of the company noted.
