LafargeHolcim Bangladesh increases profit by 56% year-on-year in 2019

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Bangladesh: LafargeHolcim Bangladesh has posted a 56% year-on-year increase in profit to US$20.5m in 2019 from US$13.1m in 2018. Sales rose by 100% to US$210m from US$105m in 2018. New Nation Independent Daily News has reported that LafargeHolcim Bangladesh CEO Rajesh Surana said, "2019 was a challenging year for the cement industry. The impact of increased raw material costs and taxes was significant. Despite this, LafargeHolcim demonstrated a strong performance trend. Our focus on improving operational efficiencies, driving commercial innovation and cost optimisation continues to be effective. We are determined to build on this thrust and further increase value to our stakeholders."

Last modified on 11 March 2020

URL: https://www.globalcement.com/news/item/10569-lafargeholcim-bangladesh-increases-profit-by-56-year-on-year-in-2019

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