Lafargeholcim Bangladesh reports 46% net profit surge

Lafargeholcim Bangladesh reports 46% net profit surge
01 August 2019

LafargeHolcim Bangladesh has announced a 46 per cent YoY increase in net profit for the second quarter of 2019, according to a recent statement. The company also saw a 15.4 per cent rise in revenue to BDT4.5bn (US$52.9m) for the 2Q19, compared to BDT3.9bn of the year-ago period.

"The 2Q19 results demonstrate the strong performance trend which continues from 2018. 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," said Rajesh Surana, CEO.

Mr Surana attributed the good result to continued support of customers and business partners.

"During this period, we have been able to meet our customer demand as well as align ourselves with the massive developments happening across the country. We plan to step up our participation in this development spree through our quality products and customer centric strategy," he said.

Published under Cement News