Cement News tagged under: Confidence Cement
Confidence Cement’s net profit rises 25% in 1HFY23-2416 February 2024, Published under Cement NewsConfidence Cement PLC , Bangladesh’s leading cement manufacturer, recently announced its financial results on the Dhaka Stock Exchange (DSX). The company reported a profit after tax of BDT434.1m (US$3.96m) between July and December 2023 (six months) against a profit of BDT346.3m earned during the same period last year. This translates into a growth of 25.34 per cent in profit due to a fall in the cost of sales, less foreign currency exchange loss and deferred tax options. The company sal... |
Bangladesh's foreign and local cement firms report mixed financial results in 1QFY2415 December 2023, Published under Cement NewsThe Bangladesh foreign and local cement firms listed at the Dhaka Stock Exchange (DSX) improved their earnings in the July-September quarter of FY23-24, overcoming challenges stemming from rising energy costs and the depreciation of the taka currency against the dollar during this accounting period. According to local media, the cement makers partially offset additional costs by boosting sales prices and taking advantage of the recent reduction in raw materials prices in the global market. ... |
Confidence Cement issues shares for two new projects20 February 2023, Published under Cement NewsBangladesh-based Confidence Cement is planning to issue convertible preference shares worth BDT1500m (US$14.2m) to invest in associate companies and to repay a portion of its long-term loans. According to The Business Standard, the shares will be converted at a 20 per cent annual rate, and in five years the preferred shares will be fully converted into ordinary shares. “The preference share proceeds will be invested in two projects,” Imran Karim, vice chairman of Confidence Cement told T... |
Confidence Cement to commission new plant end-December29 November 2017, Published under Cement NewsConfidence Cement will commission its new cement plant in Bangladesh at the end of December, doubling the company’s total cement capacity to 4500tpd. The new works will help to meet the country’s increasing cement demand, which is expected to surpass the 25Mt mark in 2018, according to The Global Cement Report, 12th Edition. Bangladesh aspires to become a middle-income country by 2021 and sustained growth in recent years has seen its infrastructure deficit widen. Through the Seventh ... |
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