Accumulated loss keeps Lafarge at bay

Lafarge Surma Cement's profit in 2013 stood at Tk 2.54 billion, up 37 percent from the previous year.

The company performed particularly well in the last quarter of 2013 though the period was hit by political turmoil, recording Tk 1.10 billion in net profit in the quarter alone, according to BRAC-EPL.

It even gained market share during the quarter when companies with higher product pricing lost sales, the merchant bank added.

The positive movement of the Indian rupee against the dollar might have helped the company log in higher  consolidated earnings.

However, the manufacturer of Supercrete-branded cement could not declare dividends for the year as it still has an accumulated loss of around Tk 950 million.