HeidelbergCement Bangladesh Limited has achieved a nine times higher growth in net profit than the previous year. It has increased by Tk46.51 crore in the first quarter of this year.
The German-based multinational company incurred a loss of Tk8.08 crore last year. However, its revenue stood at Tk1,168.10 crore last year, slightly lower than the previous year.
Now, the board of directors of the company has declared a 20 per cent cash dividend for its shareholders for the year ended on December 31, 2020.
The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held virtually on June 28 (Monday) at 11:30 am.
The record date is fixed on May 25 (Tuesday), the company posted in Dhaka Stock Exchange (DSE) on April 29 (Thursday).
Meanwhile, each share of the company closed at Tk 226.80 on April 28 (Wednesday). Its shares traded between Tk 137.30 and Tk 243 in the last one year.
Its paid-up capital is Tk 565.04 million and authorized capital is Tk 1.0 billion, while the total number of securities is 56.50 million.
The company has also stated consolidated earnings per share (EPS) of negative Tk 1.43, consolidated NAV per share of Tk 68.10 and consolidated NOCFPS of Tk 26.53 for the year ended on December 31, 2020, whereas negative Tk 3.30 (solo), Tk 71.88 (solo) and Tk 4.65 (solo) respectively for the same period of the previous year.
Nonetheless, the company has incurred a net loss of Tk 80.84 million during the year 2020 as against the net loss of Tk 186.66 million during the year 2019. Thus, per share loss comes to Tk 1.43 during 2020 as against per share loss of Tk 3.30 in 2019.
In addition, the sponsor-directors own 60.67 per cent stake in the company while the institutional investors own 26.32 per cent, foreign investors 0.51 per cent and the general public 12.50 per cent as of March 31, 2021, the DSE data shows.
There will be no price limit on the trading of the shares of the Company following its corporate declaration; however, as per the BSEC order dated March 19, 2020, the floor price shall be applicable accordingly.
HeidelbergCement had earlier acquired two companies named Emirates Cement and Emirates Power at a cost of Tk182.58 crore, from UltraTech Cement Middle East Investments Ltd.