According to the statement, Heidelberg Materials posted a profit of BDT196.5m (US$1.65m) in 1QCY25 (Jan- March), significantly lower than BDT393.2m in the same quarter last year. During the quarter, its revenue dropped by 11 per cent to BDT4.29bn compared to the previous year's quarter.
Meanwhile, according to its statement, the company recommended a 25 per cent cash dividend to its shareholders for 2024. It had paid the same dividend in 2023. Heidelberg Materials will hold the annual general meeting on 16 June to approve last year's dividend and the audited financial statement. The record date is 20 May.
The company was listed on the Dhaka bourse in 1989 as Chittagong Cement Clinkers Grinder. It was later acquired by HeidelbergCement, which is currently renamed Heidelberg Materials.
Its sponsors and directors hold 60.67 per cent of shares, institutional investors 28.42 per cent, foreign investors 0.04 per cent, and general shareholders 10.87 per cent.
By Abdul Rab Siddiqi, Pakistan
