Close Menu
    Main Menu
    • Home
    • News
    • Innovation
    • Interviews
    • Leadership
    • Generations
    • Money
    • Investment
    • Our Services
      • Heir Management for Bangladeshi Companies
      • Profitability Consultancy for Suffering Companies
      • Market Leadership Consultancy
      • Market Intelligence Consultancy
    • Blog
    Facebook X (Twitter) Instagram LinkedIn
    Trending
    • Sheikh Bashir Uddin’s Market Reforms Stabilize Prices and Curb Syndicates
    • Local Ad Market Shifting to Digital Media, Traditional Platforms Marginalized
    • Malik Mohammed Sayeed appointed as New CEO of Square Toiletries Limited
    • Meghna Group of Industries (MGI) Celebrates 50 Years
    • Trailblazing Business Strategies Shaping in 2025
    • Berger Paints COO Md. Mohsin Habib Chowdhury Appointed President of the Bangladesh Paint Manufacturers Association (BPMA)
    • G M Kamrul Hassan expands role as Strategic Consultant for Akij iBOS
    • Walton records profit in July-September 2024
    Subscribe
    Business BrillianzBusiness Brillianz
    Facebook X (Twitter) Instagram LinkedIn
    Saturday, May 10
    • Home
    • News
    • Innovation
    • Interviews
    • Leadership
    • Generations
    • Money
    • Investment
    • Our Services
      • Heir Management for Bangladeshi Companies
      • Profitability Consultancy for Suffering Companies
      • Market Leadership Consultancy
      • Market Intelligence Consultancy
    • Blog
    Business BrillianzBusiness Brillianz
    Home - Money - Heidelberg Bangladesh Sees Profit Increase Despite Decline in Sales
    Money

    Heidelberg Bangladesh Sees Profit Increase Despite Decline in Sales

    April 29, 2024Updated:April 29, 20242 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Heidelberg Bangladesh Sees Profit Increase Despite Decline in Sales
    Share
    Facebook Twitter LinkedIn Copy Link

    HeidelbergCement Bangladesh Ltd has reported a 1.6 percent increase in profits for the first quarter of 2024, despite a 16 percent year-on-year decline in sales. The company’s unaudited financial statements reveal a profit of Tk 39.32 crore in the January-March quarter, up from Tk 38.69 crore in the same period the previous year.

    Despite the drop in sales, HeidelbergCement Bangladesh managed to increase its profitability by reducing administration, distribution, and selling expenses. In the first quarter of 2024, the company’s warehousing, distribution, and selling expenses decreased to Tk 10.71 crore, compared to Tk 12.55 crore in the previous year. Similarly, administrative costs saw an 11 percent year-on-year decline to Tk 16 crore.

    This cost optimization strategy contributed to an improvement in earnings per share, which rose to Tk 6.96 from Tk 6.85 in the corresponding periods of the two consecutive years. Additionally, the company’s net asset value per share increased to Tk 74.16 as of March 31, 2024, up from Tk 67.2 as of December 31, 2023.

    HeidelbergCement Bangladesh’s stock performance saw a slight decline, with shares ending at Tk 229.3, representing a 1.12 percent fall from the previous day.

    Heidelberg Cement Group first entered Bangladesh in 1998, establishing a floating terminal with onboard packing facilities in the port of Chattogram. In 1999, the group expanded its presence by constructing a greenfield manufacturing plant near Dhaka under the name “Scan Cement International Limited,” with an installed capacity of 0.75 million tonnes per year.

    Subsequently, in 2000, the HeidelbergCement Group acquired a minority position in the Chattogram-based company “Chittagong Cement Clinker Grinding Co. Limited,” later obtaining a controlling stake. By 2003, the company was rebranded as HeidelbergCement Bangladesh Limited.

    Today, the company boasts an annual production capacity of 24 lakh tonnes, reflecting its significant growth and commitment to the Bangladeshi market.

    Despite Decline in Sales Heidelberg Bangladesh Sees Profit Increase Heidelberg Bangladesh Sees Profit Increase Despite Decline in Sales

    Related Posts

    Sheikh Bashir Uddin’s Market Reforms Stabilize Prices and Curb Syndicates

    March 18, 2025

    Local Ad Market Shifting to Digital Media, Traditional Platforms Marginalized

    February 13, 2025

    Malik Mohammed Sayeed appointed as New CEO of Square Toiletries Limited

    February 9, 2025
    Leave A Reply Cancel Reply

    ShareTrip-New-Ads-Banner
    Swish-Banner-Ads
    Pathao Courier

    Category
    • AI (6)
    • Awards & Recognitions (3)
    • Building & Construction (1)
    • Digital Business (10)
    • Electronics (2)
    • Events (4)
    • Export & Import (5)
    • Finance & Banking (24)
    • Innovation (10)
    • Investment (17)
    • Leadership (2)
    • Lifestyle & Fashion (2)
    • Money (10)
    • News (112)
    • Newsletters (1)
    • Real Estate (1)
    • Small Business (1)
    • Tech (3)
    • Uncategorized (2)
    About Us
    About Us

    Business Brillianz is Delivering Cutting-Edge Updates, Strategies, and Expert Advice for Businesses.

    Quick Links
    • Home
    • Blog
    • About Us
    • Contact Us
    Our Terms
    • Privacy Policy
    • Terms and Conditions
    Facebook X (Twitter) Instagram LinkedIn
    Copyright © 2023 | Business Brillianz.

    Type above and press Enter to search. Press Esc to cancel.