HeidelbergCement’s losses rise in Jul-Sep despite higher sales
Listed multinational HeidelbergCement Bangladesh Limited has incurred higher losses year-on-year in the July-September period of the current year despite a rise in sales.
Sales had gone up 21 per cent to Tk 306 crore from Tk 251 crore in the same quarter of last year, said the company’s quarterly report published yesterday after a board meeting.
For all latest news, follow The Daily Star’s Google News channel.
However, the cement maker failed to prevent a loss of Tk 10.78 crore during the period this year, which was Tk 2.7 crore in the same period of the previous year.
Yesterday, the company’s stock prices rose 1.74 per cent to Tk 361.90 at the Dhaka Stock Exchange.
Despite incurring a higher loss, the HeidelbergCement logged a profit of Tk 55 crore in the nine months of this year. It was a loss of Tk 17 crore in the same period of the previous year.