Heidelberg Cement posts profit in Q2

Business Report :
Heidelberg Cement Bangladesh Ltd has continued to recover from losses as it registered profit for the second quarter in a row thanks to a reduction in the cost of sales.
The multinational company made a profit of Tk 9.11 crore in April-June against a loss of Tk 3.75 crore during the same quarter a year earlier.

As a result, the earnings per share returned to positive territory at Tk 1.61 in the second quarter of 2023 from a negative Tk 0.66 in the identical period in 2022.
This raised Heidelberg Cement’s total profit to Tk 47.80 crore in January-June, against a loss of Tk 20.52 crore in the first half of 2022, according to its unaudited financial statements published on Wednesday.

Thus, it posted Tk 8.46 earnings a share in January-June from a negative EPS of Tk 3.63 in the first half of 2022.