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The Financial Express

LafargeHolcim's net profit surges 46pc in quarter one

| Updated: May 12, 2020 09:51:10


LafargeHolcim's net profit surges 46pc in quarter one

LafargeHolcim Bangladesh's net profit surged 46 per cent year-on-year to Tk 522.8 million in the first quarter for January-March, 2020 despite ongoing Covid-19 pandemic.

The board of directors of the company in a virtual meeting on Thursday approved the first quarter consolidated financial statements 2020 (un-audited).

The multinational cement manufacturer's gross profit stood at Tk 1.15 billion which was Tk 1.0 billion in the previous year.

The company's consolidated earnings per share also rose more than 45 per cent in January-March, 2020 quarter compared to the same quarter of the previous year.

The company's consolidated EPS stood at Tk 0.45 for January-March 2020 as against Tk 0.31 for January-March 2019.

Its consolidated net operating cash flow per share was Tk 1.16 for January-March 2020 as against Tk 0.53 for January-March 2019.

The consolidated net asset value per share stood at Tk 14.23 as on March 31, 2020.

Each share of the company, which was listed on the Dhaka Stock Exchange in 2003, closed at Tk 37 on March 25, the last trading day before the lockdown started.

Its share traded between Tk 30.70 and Tk 51.60 in the last one year.

The board of directors of the company has recently declared 10 per cent cash dividend for the year ended on December 31, 2019.

The company's paid-up capital is Tk 11.61 billion and authorised capital is Tk 14 billion, while the total number of securities is 1.16 billion.

The sponsor-directors own 64.68 per cent stake in company, while the institutional investors own 14.84 per cent, foreign investors 0.96 per cent and the general public 19.52 per cent as on February 29, 2020, the DSE data showed.

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