Seven Cement Companies Profit | Daily StockBangladesh

Senior Reporter: There are currently seven companies listed on the stock exchange. However, a total of 35 domestic and foreign cement companies are in production so far. Among them, the profit of 6 listed companies has increased.

Government mega projects are 90% implemented during the corona period and after the corona transition, the mega projects resume operations. As a result, the demand for cement in the country continues to increase. At this time the cement factories also focused on increasing production.

The companies are Lafarge Holcim, Heidelberg, Crown, Confidence, Aramit Cement, Meghna Cement and Premier Cement Company. The income of any of these companies is July-June; Again, the income of any year is January-December.

According to the data released by the companies, Lafarge Holcim Cement is the most profitable company. In the first three quarters of the current 2021 (July-September), the company’s earnings per share stood at 2 rupees 7 paise. The total number of shares of this company is 116 crore 13 lakh 83 thousand 500. As such, the profit for those 9 months was Tk 308.92 crore, which was Rs 150 crore in the same period of the previous year. In other words, Lafarge’s profits have doubled in one year.

Confidence Cement is in second place in terms of profit. In the financial year ended last June, the company’s earnings per share was 15 rupees 7 paise. The profit was 124 crore rupees. Last year, the company made a profit of around Rs 50 crore. This means that the company has made a profit of two and a half times even in Corona.

In third place is Crown Cement. The number of shares of the company in the stock market is 14 crore 75 lakhs. From July 2020 to June 2021, the company has earned a profit of Tk 5.69 per share. And in the whole financial year, the profit of this company is about 6 crore rupees. But last year the company had a loss of more than 13 crore.

In addition, Heidelberg Cement has made a profit of Rs 55 crore in the three quarters from January to September. And from July 2020 to June 2021, Premier Cement has earned Rs 75 crore. Last year, the company had a loss of about 26 crore. Besides, Meghna Cement and Aramit Cement have made a profit of Tk 6.5 crore and Tk 2 crore respectively during this period.

Bangladesh Cement Manufacturers Association (BCMA) President and Vice Chairman of Crown Cement. Alamgir Kabir said that the cement sector has done fairly well in Corona in FY 2020-21. As much as the problem was supposed to happen, it didn’t happen.

Despite the slowdown in industrialization, the rural economy has recovered, and a lot of housing has been built in the private sector in urban areas as well. Besides, the work of government mega projects is going on fast. According to him, the demand for cement in the private sector, especially in the industrial sector, was lower than in the public sector in the last financial year.


Source: Daily StockBangladesh by www.dailystockbangladesh.com.

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