Business Desk :
LafargeHolcim Bangladesh witnesses a drop in sales and profits in 2024 amid the political changeover and a challenging macroeconomic environment.
In 2024, the net sales of the cement producer stood at Tk 2,754 crore, a 3 percent decrease from the previous year.
Net profit stood at Tk 381 crore, a 36 percent decrease from the previous year. This brought the earnings per share (EPS) down to Tk 3.29 from Tk 5.12 in 2023.
Based on the profit drop, the board of directors of LafargeHolcim, a leading listed multinational cement producer, announced a 38 percent cash dividend, including a 19 percent interim cash dividend.
In the previous year, it provided a 50 percent cash dividend to its shareholders.
The company said its new business involving aggregates and special products played a positive role in its overall performance.
Iqbal Chowdhury, CEO of the company said “Bangladesh experienced an eventful year in 2024, yet the company successfully navigated the challenges”.
It has progressed in its innovative and unique channel expansion through direct-to-retail and net retail outlets.
