LafargeHolcim Bangladesh Ltd. has achieved a 98 percent growth in after tax profit in the first quarter of the current year over the same period last year, a company statement said Thursday.
“We have continued the journey of strong performance with clear focus on innovation and sustainability. Our new water repellent cement and the new business channel “direct to retail” have got off to a solid start. This is yet another manifest of our continued endeavour in serving our customers better by realizing their needs,” Rajesh K Surana, CEO of the Company said in the statement.
He added: “We have also started producing clear size aggregates effective this quarter which is an import substitution& has potential of saving substantial foreign exchange for the nation. This is reassuring that we have started receiving positive response for this product from our customers.”
The statement said net sales during the Q1, 2021 has gone up to Tk 6,318 million resulting in 23% growth over the same quarter of the last year. Operating EBIT increased to Tk 1,360 million delivering 105% growth over the same quarter last year.
The company recently launched specialised water proof cement “Holcim Water Protect” which is the first of its kind in the market and has started yielding incremental growth for the company.
Strengthening the digital foot prints and improving customer reach are some of the other initiatives helping the company to be more effective and efficient in the marketplace, it noted.
The statement also said the Company has a strong positive outlook for the construction & building materials industry in the short to medium term. The government’s focus on sustained economic growth supported by policy reforms and investment in infrastructure projects shall continue to help improving the economic fundamentals, it added.
