Briefing 2024-05-05

Cement makers witness moderate profit growth on currency stability

Most of the listed cement manufacturers have witnessed a moderate profit growth year on year in the July-March period of the fiscal year 2024, buoyed by diminished foreign exchange loss following the return of stability in the currency exchange rates. While the companies demonstrated mixed performance in revenue growth, efforts to reduce administrative and distribution expenses played a crucial role. Page 9

BD-Zimbabwe 2nd T20 match today

Bangladesh will be keen to make it 2-0 when they take on Zimbabwe in the second T20 tie of the five-match series at Zahur Ahmed Chowdhury Stadium in Chattogram on Sunday. The match starts at 6 PM. The hosts grabbed a dominating eight-wicket victory in the first game by showing a superlative performance in all three departments with their bowling attack continuing the purple patch. Page 12