HeidelbergCement Bangladesh approves 43% cash dividend

HeidelbergCement Bangladesh approves 43% cash dividend
16 June 2011

HeidelbergCement Bangladesh Limited has approved 43 per cent cash dividend for its shareholders for 2010, the Financial Express Bangladesh reports.

The approval came at the 22nd annual general meeting (AGM) of the company held on Monday at company’s plant at Rupganj, Naryanganj, said a news release. HeidelbergCement managing director, Jean-Claude Jamar, presided over the meeting.

 A large number of shareholders attended the meeting and unanimously approved the audited accounts for the year 2010 along with directors’ report for that period.

The meeting was told that the sales volume of the company’s product increased by 15 per cent and price increased by 1.4 per cent. During the year under review, the company earned a net profit of BDT999m (US$13.5m) compared to previous year’s BDT851m, representing an increase of 17.38 per cent. Earning per share increased from BDT151 to 177.

Published under Cement News