LafargeHolcim Q3 Profit Falls by 45%

Industry: Building Material, Cement
Company: LafargeHolcim Bangladesh Limited
Company Intelligence Tag: Business Insights

LafargeHolcim Bangladesh reported a 45% year-on-year profit drop for Q3 2024, with sales declining 2% to Tk 6.27 billion, due to macroeconomic challenges and high inflation impacting the construction sector. EPS fell from Tk 1.38 to Tk 0.76. Despite the profit slump, the board announced a 19% interim cash dividend. For the nine months through September, sales fell 4% and profit decreased 37% to Tk 5.21 billion. The company remains optimistic about future performance, focusing on expanding sales channels and eco-friendly initiatives through its Geocycle waste management wing.

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