Staff Reporter :
Heidelberg Cement Bangladesh Ltd (HCBL) – maker of the well-known brand Scan Cement – made a net profit of Tk 39.32 crore for the first quarter of 2024 (January-March) due to higher net sales price and lower the cost of goods sold (COGS) per tonne.
The COGS is the sum of all direct costs associated with making a product. It appears on an income statement, and typically includes money mainly spent on raw materials and labour.
As per its unaudited financial statements published on Wednesday, the Germany-based cement manufacturer made a profit of Tk 38.70 crore in Q1 last year.
During this period the net profit of this cement manufacturing company increased to Tk 62.15 lakh.
The cement maker’s earnings per share (EPS) stood at Tk 6.96 in the first quarter of 2024, compared to Tk 6.85 in the same period last year. Its net operating cash flow per share (NOCFPS) was Tk 23 for January-March 2024, against Tk 27.49 for January-March 2023.
This company also informed that for the January to March period of 2024, NAV per share increased mainly for Q1 2024 net profits, compared to December 31, 2023. NOCFPS decreased compared to the same period last year, namely for lower sales volume and collections.
According to the unaudited financial report, Heidelberg Cement recorded total sales of Tk 480.70 crore in the first quarter of 2024, compared to Tk 567.87 crore recorded in the same period of previous year.
