LafargeHolcim offers another interim cash dividend

The board of directors of LafargeHolcim Bangladesh Ltd (LHBL) has recommended an 18 per cent interim cash dividend to its shareholders for the 10 months ended in October 2022.

The cement maker declared this dividend as the company so far secured a stellar business growth in the current year, according to a media statement, defying the sluggish domestic market created by the ongoing macroeconomic hardships. 

Earlier, the company had offered a 15 per cent interim cash dividend for the first half ended in June this year.

The company’s earnings surged significantly in the first 10 months this year, and it was still focusing on continuing the strong growth through innovative and sustainable solutions for its customers, the company’s press statement read.

In the third quarter (July-September) this year, the multinational cement maker posted a net profit of Tk 113.5 crore versus the figure of Tk 93.7 crore in the same period of 2021.

The cement maker’s net sales also jumped by 24 per cent to Tk 571 crore in Q3 of 2022 compared to Tk 460 crore in Q3 of 2021, according to the company’s latest financial statement.

Its earnings per share (EPS) rose to Tk 0.98 in Q3 this year from Tk 0.81 in Q3 of 2021.

In April-June quarter this year, the company had reported revenue of Tk 501 crore and a net profit of Tk 123 crore, which were 6 per cent and 10 per cent higher respectively on a year-on-year basis.

Its net sales in the second quarter surged by 6 per cent to Tk 501 crore compared to Tk 473 crore in Q2, 2021.

Riding on the healthy business growth, the multinational cement producer paid a 25 per cent cash dividend to its shareholders for the year 2021.

LafargeHolcim Bangladesh, a frontline cement producer in the country, invested $500 million in building a fully integrated cement plant and three grinding plants, the largest foreign direct investment in the sector.

With its grip on global standards and strength in innovations, LafargeHolcim is also regarded as a dependable solution provider in construction materials.