LafargeHolcim Bangladesh continues its growth momentum in Q3
The cement giant's earnings before interest and taxes (EBIT) surged by 44% in Q3; while net sales went up 26% while earnings per share increased by 45%
LafargeHolcim Bangladesh Limited's growth momentum has continued in Q3 as well.
The cement giant's earnings before interest and taxes (EBIT) surged by 44% in Q3; while net sales went up 26% while earnings per share increased by 45%, said a press release.
"The company has delivered yet another exceptional quarter backed by strong cost control and efficiency improvements. In addition, our new product launches are highly successful and our customers continue to repose faith in our widest range of products and solutions," LafargeHolcim Bangladesh CEO Rajesh Surana said.
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"Our digital business has taken off to a new league of growth and creates potential for continued momentum. We thank our employees and business partners for their continued support that ensured the growth momentum," he added.
Net Sales during the Q3, 2021 has gone up to Tk4,602million from Tk3,655 million while operating EBIT increased to Tk1,215 million from Tk844 million from Q3 last year, the press release added.
In the first nine months of 2021, the company achieved superlative EPS growth of 106%, supported by cost optimisation and digital initiatives. The company was also successful in compensating a significant portion of the increased input cost through commercial action.
"Strengthening our digital footprint, maximising the market outreach by further getting closer to end customers, relaunching of one of our flagship brands 'Supercrete' and driving seamless cost effectiveness programs have played an instrumental role to achieve such strong results," the company said in the press release.
