LafargeHolcim shares declines despite jump in profits : vima

LafargeHolcim shares declines despite jump in profits


LafargeHolcim shares declines despite jump in profits
Star Business Report
Star Business Report
Shares of LafargeHolcim Bangladesh fell 2.85 per cent on the Dhaka Stock Exchange yesterday as the company posted  a decline in sales in 2020 because of the Covid-19 outbreak.
The cement producer's sales fell 9 per cent year-on-year to Tk 1,622 crore last year, according to the company's data.
However, the company's profit made a 36 per cent year-on-year jump, for which the cement maker gave credit to its cost-cutting measures and tax benefits from amalgamation.
LafargeHolcim Bangladesh bagged Tk 236 crore in profits last year, up from Tk 173 crore in the previous year.

Related Keywords

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