LafargeHolcim Bangladesh Limited delivered another quarter of strong topline growth of 34 percent, driven by progress against strategic priorities, a company statement said Thursday.
Consolidated operating EBIT reached staggering mBDT 2,167, an increase of 68 percent.
Net sales during the quarter increased by 34 percent to 6,710mBDT compared to 5,014 mBDTin Q2, 2022. Operating EBIT reached mBDT2,167 a growth of 68 percent over same quarter of the last year. Our journey for cost leadership remained as a focal point during the quarter and had a very positive impact on the overall result.
Iqbal Chowdhury, CEO of the company said: “We achieved this performance together. My thanks therefore go to our employees, business partners and stakeholders. Without their special commitment and passion, such a remarkabledevelopment would not have been possible.”
He said with continuous emphasis on Agility, Cost & Innovation,we demonstrated strong performawnce in the second quarter of 2023, setting a solid foundation for rest of the year.
“Our diverse product portfolio, efficient route to market, digital footprint, pan Bangladesh distribution network and aggregates business played a significant role in ensuring thehealthy growth momentum.”
“Geocycle, the sole Government approved waste management facility of the company, serving the nation in its commitment to zero-waste future, reduction of carbon emission whilegenerating alternate fuel sustainably. Most importantly, we have our clear focus on key long-term value creation through de-carbonization,” he added.
