BSRM Steels profit grew over 38pc in 2013

Alihussain Akberali, chairman of BSRM Steels, attends the company's 12th annual general meeting at the Institution of Engineers of Bangladesh, Chittagong on Thursday. The company reported 38.23 percent growth in profit after tax amounting to Tk 119.61 crore in 2013 and announced 15 percent cash dividend for shareholders. Photo: BSRM

BSRM Steels achieved a growth of 38.23 percent in profit after tax amounting to Tk 119.61 crore in 2013 despite continued political unrest, said Alihussain Akberali, chairman of the company.
He spoke at the company's 12th annual general meeting at the Chittagong centre of the Institution of Engineers of Bangladesh, on Thursday when the steelmaker announced 15 percent cash dividend for 2013, the company said in a statement.
To secure continuous supply of basic raw material for MS Rod, the BSRM Group plans to set up a new billet making plant with an annual production capacity of 862,000 tonnes at Mirsarai, the statement quoted Akberali as saying.