Premier Cement sees 85% profit decline in Q1
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
SATURDAY, MAY 21, 2022
SATURDAY, MAY 21, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
Premier Cement sees 85% profit decline in Q1

Stocks

TBS Report
14 November, 2021, 10:25 pm
Last modified: 15 November, 2021, 03:00 pm

Related News

  • Premier Cement allowed issuance of Tk310cr preference shares
  • Bangladesh’s independence fueled our growth to a billion-dollar company: Amirul Haque
  • Premier Cement shareholders nod to Tk315cr preference shares issuance
  • Premier Cement appoints new independent director
  • Premier Cement revaluates its assets

Premier Cement sees 85% profit decline in Q1

Amirul Hoque, managing director of Premier Cement Mills, said the supply chain of sales was hampered during the strict lockdown

TBS Report
14 November, 2021, 10:25 pm
Last modified: 15 November, 2021, 03:00 pm
Premier Cement sees 85% profit decline in Q1

Premier Cement Mills Limited posted an 85% drop in the July to September quarter of this year owing to an increase in the price of raw materials and intense competition in the cement industry.

But, according to an unaudited financial statement, its revenue grew 12% to Tk292.07 crore in the quarter despite the strict Covid-19 lockdown from 1 July to 10 August this year.

Amirul Hoque, managing director of Premier Cement Mills, said the supply chain of sales was hampered during the strict lockdown.

The price of raw materials went up internationally, but the price of cement did not increase at the same rate, he added.

In the July to September quarter this year, the company posted a net profit of Tk1.31 crore, which was Tk8.55 crore in the same period of the previous year.

During the period, its earnings per share were Tk0.12, which was Tk0.81 in the same period of 2020.

As of 30 September 2021, its net asset value per share was Tk77.95.

On 30 June 2021, the company recommended a 20% cash dividend for its shareholders.

As of 31 October 2021, the sponsors and directors jointly held 47.34% shares, institutions 18.81%, foreign investors 0.03% and the general public held 33.82% shares in the company.

The last trading price of each share of the company at the Dhaka Stock Exchange was Tk66.20 on Sunday.

Heidelberg Cement, one of the competitors of Premier Cement, incurred a loss of Tk10.78 crore in the same quarter of this year due to an increase in the price of raw materials and intense competition. Its revenue also grew 22% to Tk306.40 crore during the period.

On the other hand, LafargeHolcim posted a 43% profit growth to Tk93.66 crore in the July to September period. The profit mainly grew because of increased cement sales and new aggregate business.

Industry insiders said Lafarge produces raw materials in its plant which is why it can control its production cost. 

Top News

Premier Cement

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infographic: TBS
    Tough conditions get in way of Indian wheat import
  • Zahid Hussain/TBS Sketch
    Our problematic macroeconomic duo
  • US growth seen outpacing China’s for first time since 1976
    US growth seen outpacing China’s for first time since 1976

MOST VIEWED

  • Troubled Delta Life’s skyrocketing stock: DSE finds Hero, associates behind
    Troubled Delta Life’s skyrocketing stock: DSE finds Hero, associates behind
  • Representational image. Picture: TBS
    Stocks in free-fall amid inflation worries
  • BSEC cancels pre-opening sessions in bourses
    BSEC cancels pre-opening sessions in bourses
  • Former Indo-Bangla Pharma director to sell off shares in conflict with current board
    Former Indo-Bangla Pharma director to sell off shares in conflict with current board
  • Md. Showkat Ali Chowdhury, Chairman of the Board of Directors of Eastern Bank Ltd.( EBL) presides over the 30th AGM of the Bank held today, May 19.  EBL Directors M. Ghaziul Haque, Mir Nasir Hossain, Salina Ali,  Mufakkharul Islam Khasru, Gazi Md. Shakhawat Hossain, K. J. S Banu, Zara Namreen, Ashiq Imran, Dr. Toufic Ahmad Choudhury, Ruslan Nasir, Ali Reza Iftekhar, Managing Director and CEO and Md. Abdullah Al Mamun, Company Secretary are also seen in the picture. The AGM approved 12.50 per cent cash and 12.50% per cent stock dividend for the shareholders for the year 2021.
    EBL declares 25% dividend for 2021
  • Representational Image. Photo: Collected
    GPH Ispat, Fortune Shoes eye jute industry

Related News

  • Premier Cement allowed issuance of Tk310cr preference shares
  • Bangladesh’s independence fueled our growth to a billion-dollar company: Amirul Haque
  • Premier Cement shareholders nod to Tk315cr preference shares issuance
  • Premier Cement appoints new independent director
  • Premier Cement revaluates its assets

Features

Mohammad (Mejbah) Mejbahuddin, Former Senior Secretary, Economic Relations Division (ERD), Ministry of Finance, Government of Bangladesh. TBS Sketch

‘No project is being delayed too long at the moment’

16h | Panorama
Dr Shamsul Hoque, Professor, Civil Engineering, BUET. TBS Sketch

‘Planning commission only in the name, there are no planners’ 

17h | Panorama
Masrur Reaz. TBS Sketch

‘To ensure accountability, contract financing should be based on ‘performance based payments’

17h | Panorama
Professor Mustafizur Rahman. Illustration: TBS

Project delays and escalating costs are driven by frequent revisions and lack of good governance

20h | Panorama

More Videos from TBS

Ways to retain body fragrance

Ways to retain body fragrance

18h | Videos
Gazipur restaurant that serves 150 food items

Gazipur restaurant that serves 150 food items

22h | Videos
How to prepare for a job

How to prepare for a job

22h | Videos
Putin's strategies to face Nato

Putin's strategies to face Nato

1d | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
A packet of US five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron
Banking

Dollar hits Tk100 mark in open market

3
The story of Bangladesh becoming a major bicycle exporter
Industry

The story of Bangladesh becoming a major bicycle exporter

4
PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire
Crime

PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire

5
Representative Photo: Pixabay.
Bangladesh

Microplastics found in 5 local sugar brands

6
Mushfiq Mobarak. Photo: Noor-A-Alam
Panorama

Meet the Yale professor who anchors his research in Bangladesh and scales up interventions globally

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab