Cement News tagged under: Bangladesh
Bangladesh exceeds the cement export target in 5MFY23-2407 December 2023, Published under Cement NewsBangladesh has recorded 90.2 per cent YoY growth in cement export revenue to US$6.98m in the first five months of FY23-24 (July-November 2023) from US$3.67m in the same five months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The 17.7 per cent YoY rise in cement exports also surpassed the target of US$5.93m for 5MFY23-24. Bangladesh had set a higher target export revenue of US$15m f... |
Political agitation in Bangladesh cripples supply chain inclusive cement29 November 2023, Published under Cement NewsFor the last four weeks, consecutive political agitation in Bangladesh has negatively impacted the country's economy. The supply chain has been severely affected, including transporting commodities and cement from factories to end users. The issue is due to a lack of loading trucks on the roads, the fear of looting, etc. This problem is not limited to the cement industry, as every industry is feeling the heat of the ongoing back-to-back nationwide strikes called by the Bangladesh Nationalist... |
Aramit Cement reports ongoing losses20 November 2023, Published under Cement NewsBangladesh-based Aramit Cement Plc has announced its financial results for the 1QFY23-24 (July -September 2023) and FY23 (July 2022 –June 2023). The company reported an extending net loss after tax of BDT136.07m (US$1.23m) between July and September 2023 against a loss of BDT89.59m during the same period last year. The noticeable loss in the 1QFY23-24 was due to the contract in sales growth to BDT25.28m from BDT50.17m during this accounting period, according to the company. The same ne... |
Crown Cement posts profit of BDT343m in 1QFY23-2417 November 2023, Published under Cement NewsCrown Cement Plc of Bangladesh announced its financial results for the 1QFY23-24. The company reported a profit after taxation of BDT343m (US$3.09m) between July and September 2023 against a loss of BDT53m during the same period last year. The remarkable recovery in the 1QFY23-24 was due to sales growth and a price increase of 10.56 per cent compared to the previous year's first quarter, said the company. Crown Cement's net sales increased to BDT6.21bn from BDT5.07bn. Similarly, the cost ... |
Meghna Cement Mills posts 71% profit fall in FY22-2314 November 2023, Published under Cement NewsMeghna Cement Mills Ltd of Bangladesh posted its financial result for the year ending on 30 June 2023 on the Dhaka Stock Exchange’s website. The company reported that its profit plummeted to BDT15.81m (US$0.142m) from BDT558m a year ago, thus registering a 71 per cent fall in profit YoY. Meanwhile, local media attributed the decline in revenue earnings to the currency devaluation and higher finance costs, bringing the income of Meghna Cement Mills to its lowest since its 1995 listing ... |
LafargeHolcim Bangladesh registers a 58% growth in profit during 9M2313 November 2023, Published under Cement NewsLafargeHolcim Bangladesh ( Holcim group ) saw a 58 per cent YoY growth in profit to BDT5.21bn (US$77.2m) for January-September 2023 period against BDT3.308bn earned in the corresponding period of last year, according to company financial results. The profit growth was possible due to a 55 per cent growth in operating profit to BDT6.63bn in 9M23. During the period, the company's sales volume stood at BDT21.64bn from BDT16.98bn, a rise of 27.4 per cent up from the same period of the previou... |
Bangladesh surpassed the cement export target in 4MFY23-2408 November 2023, Published under Cement NewsBangladesh has recorded 101.8 per cent YoY growth in cement export revenue to US$5.59m in the first four months (July-October 2023) of FY23-24 from US$2.77m earned in the same four months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. A 20.2 per cent YoY also surpassed a target of US$4.65m for months. Bangladesh had set a higher target export revenue of US$15m for FY23-24 against US$... |
Crown Cement earns BDT610.34m in FY22-2302 November 2023, Published under Cement NewsFor the July 2022-June 2023 financial year, Bangladesh cement producer, Crown Cement earned BDT610.34m (US$5.54m) against the loss of BDT229.27m incurred in FY21-22 (July 2021-June 2022). This was possible due to robust sales growth and increased product prices. In FY21-22 the company incurred losses due to rising raw material costs, foreign exchange losses and increased freight charges, Company Secretary, Md Mozharul Islam, told media and added that the growth in sales volume by 7.... |
Heidelberg Cement earns a net profit of BDT505.10m in 9M2301 November 2023, Published under Cement NewsHeidelbergCement Bangladesh Ltd earned a net profit of BDT505.10m (US$4.58m) in the nine months of January to September 2023 from a loss of BDT241.31m in the same period last year, according to the financial result of the company. The result tabulation shows that higher sales enable it to earn profit as its revenue rose eight per cent YoY to BDT13.86bn during this period. Warehousing, distribution and selling expenses rose more than 23 per cent YoY to BDT367.43m from BDT281.81m and ad... |
Bangladesh posts 101% cement export revenue growth in 3MFY2410 October 2023, Published under Cement NewsBangladesh has recorded 100.9 per cent YoY growth in cement export revenue to US$4.38m in the first three months (July-September 2023) of FY23-24 from US$2.18m earned in the same months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. A target of US$3.38m for three months was also surpassed by 29.6 per cent YoY. Bangladesh had set a higher target export revenue of US$15m for FY23-24 aga... |