LafargeHolcim’s half-yearly profit up 51pc

LafargeHolcim Bangladesh’s net profit rose 51 percent year-on-year to Tk 79.40 crore in the first half of 2019.

Its earnings per share (EPS) also increased to Tk 0.68, which was Tk 0.45 in the same period a year ago.

The multinational cement manufacturer’s half-yearly financial report was approved in a board meeting on Thursday.

The report shows its EPS rose to Tk 0.38 in the April-June quarter whereas it was Tk 0.26 in the same quarter the previous year.

Rajesh Surana, CEO of the company, said the second quarter results demonstrate continuation of 2018’s strong performance.

 “Our focus on raising profitability through commercial innovation, operational efficiency and cost control continues to pay off. We are determined to build on this and further increase confidence of our investors,” he said.

The report shows that the second quarter’s revenue amounted to Tk 449 crore, which was Tk 385 crore a year ago. Surana said they have been able to meet customers’ demand while aligning with ongoing massive development across the country.

“We plan to step up our participation in this development spree through our quality products and customer-centric strategy,” he said.

The net operating cash flow per share stood at Tk 1.21 in the six months, which was Tk 0.61 in the period the previous year.