Shanta Lifestyle Partners with Leading Brands

BSRM Limited saw a 27% revenue drop to Tk8,352 crore in FY24, down from Tk11,506 crore. However, profit surged 48% to Tk432 crore, with an EPS of Tk14.48. The company announced a 35% cash dividend, and its shares rose 1.36% to Tk82.20.

Heidelberg Materials Bangladesh reported a Tk0.79 crore loss in Q3, with revenue dropping 20% to Tk293 crore amid political instability and slowed cement demand. The company's earnings per share (EPS) declined to Tk7.31 from Tk8.94 year-on-year. Shares fell 3.79% to Tk246.20.

Prime Bank has teamed up with MetLife Bangladesh to provide comprehensive life and medical insurance for its employees and their dependents. This partnership will protect over 9,600 individuals against medical expenses, accidents, disabilities, and loss of life. The agreement was signed in a ceremony attended by senior officials from both organizations, including Hassan O. Rashid, Managing Director and CEO of Prime Bank, and Ala Ahmad, CEO of MetLife Bangladesh.

GPH Ispat Limited plans to raise Tk 241.9 crore by issuing rights shares to fund a new furnace for its expanded plant. The company will offer 1 rights share for every 3 shares at Tk 15, pending regulatory approval. This decision was made at an extraordinary general meeting, where leaders highlighted the move's significance for future growth.

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.

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.