The Board of Directors of LafargeHolcim Bangladesh Limited has recommended payment of final cash dividend @25% at Tk. 2.50/- per equity share of Tk.10 face value aggregating to Tk. 2.90 billion for the year ended 2021.
Net sales during the year increased by 27 per cent to Tk 20,534 million compared to Tk 16,222 million for the year 2020, Aggregates generated a sale of 350KT volume in the first 9 months' time. This is the first of its kind local manufacturing of high grade aggregates in Bangladesh.
The Profit after Tax (PAT) during the year up by 64 per cent against previous year at Tk 3,882 million against Tk 2,361 million of last year.
Rajesh K Surana, CEO of the Company, said: "We continued to introduce new channel and new products in the market to fulfil the customer need and to reach our products to consumers door step. 'SHOJON', a new distribution channel was introduced with digital app to cater white space retailers where our brand was not available."
"Holcim Shokti' - the First Rapid Early Strength Cement in Bangladesh Market was launched in the later part of the year. Holcim Shokti is a game-changer for our market as it improves construction turnaround times, lowers the construction costs and enables high-rise construction".
With an ambition to establish the Company as the most innovative player in the Bangladesh market with a diverse portfolio, Holcim Water Protect was also introduced in Bangladesh market. Holcim Water Protect is a unique solution to address the issue of dampness of walls being faced by most Bangladeshi people due to the heavy rains and humidity in the climate.
The company consistently delivering strong business performance over the years and generating healthy cash flow, is well geared to invest in the growing construction materials market in Bangladesh.
"2021 has been an unprecedented year for everyone with so many external challenges. We are happy to deliver another year with record top-line improvement by 27% and net profit improvement by staggering 64%. We thank our employees for their resilience, which enabled us to navigate successfully in these difficult times, Mr Rajesh K Surana, CEO of the Company, said.
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