Premier Cement’s profit drops 89% in Q2

Premier Cement Mills PLC reported a profit of Tk 2.42 crore in the second quarter of the fiscal year 2024-25, marking an 89 percent year-on-year decline.

The leading cement maker reported consolidated earnings per share (EPS) of Tk 0.23 for October-December 2024, down from Tk 2.09 a year earlier, according to a disclosure on the Dhaka Stock Exchange (DSE).

Shares of the company rose by 0.44 percent to Tk 45.3 as of midday trading yesterday on the DSE.

For July-December 2024, EPS stood at Tk 0.36, compared to Tk 2.63 for July-December 2023. Consolidated net operating cash flow per share rose to Tk 5.48 from Tk 5.03 year-on-year.

Premier Cement, which began operations in 2001, has steadily expanded its production capacity to 24 lakh tonnes annually, according to data from its website.

A strategic partnership with FLSmidth Denmark in 2017 further bolstered its output to 51.6 lakh tonnes, positioning it as a key player in the cement industry.