Heidelberg Cement Bangladesh Limited has achieved remarkable financial results in Q1 of the current financial year 2022-2023. The company’s net profit after tax soared by an impressive 39% compared to the previous year. This outstanding performance can be attributed to higher cement sales revenue, reduced raw material costs, and efficient plant management. With sales reaching Tk 568 crore, the net business income surpassed Tk 86 crore, while operating profit exceeded Tk 56 crore.
The company’s net profit stood at approximately Tk 39 crore. Additionally, earnings per share (EPS) reached Tk 9.82, with a profit of Tk 6.85 after adjusting for the previous year’s loss of Tk 2.97. Furthermore, the company’s net asset value (NAV) per share rose by Tk 6.84 to Tk 66.91, and cash per share increased by over Tk 7.5Â to Tk 27.49. Heidelberg Cement Bangladesh Limited, a member of the renowned Heidelberg Cement Group, represents brands such as Ruby Cement and Scan Cement in Bangladesh. The company is actively involved in key national projects.
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