Premier Cement Achieves Tk 74.23 Crore Profit in FY24

Industry: Building Material, Cement
Company: Premier Cement Mills PLC
Company Intelligence Tag: Business Insights

Premier Cement Mills PLC returned to profitability with a Tk 74.23 crore profit for FY24, following two years of losses, and announced a 21.5% cash dividend, its highest in nine years. The turnaround, attributed to reduced foreign exchange losses and a new efficient production unit, saw EPS rise to Tk 7.04 from a loss of Tk 7.99 the previous year. Financial metrics improved with NAV per share at Tk 65.37 and NOCFPS at Tk 6.27. The AGM is set for November 30, with November 7 as the record date.

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