In June 2020, HeidelbergCement was relegated to the 'Z' category from ‘A’ category as the company recommended no dividend for 2019
HeidelbergCement Bangladesh Limited, a publicly traded multinational company, has reported a loss per share of Tk2.54 for the first six months (January-June) of 2020, which was Tk2.69 in earnings per share during the same period of last year.
On the other hand, another multinational publicly traded company, LafargeHolcim Bangladesh Limited’s (LHBL) consolidated earnings per share (EPS) was Tk0.73 for January-June 2020 as against Tk0.68 for the same period of last year, registering a 7% growth in earnings.
The official disclosures were posted by the companies concerned on Dhaka Stock Exchange (DSE) website on Wednesday.
The country’s frontline cement producer HeidelbergCement’s per share loss was Tk3.31 for three months (April-June'20) as against negative Tk0.72 for the same period last year. The company’s net asset value (NAV) per share was Tk69.34 on June 30, 2020.
In June 2020, HeidelbergCement was relegated to the 'Z' category from ‘A’ category as the company recommended no dividend for 2019.
HeidelbergCement Bangladesh for the first time since its enlistment in the Dhaka Stock Exchange in 1989, declared no dividend for 2019 as the company incurred loss of Tk18.64 crore.
Taking to Dhaka Tribune, a high official of the company said the 5% advance income tax on imports of raw material imposed in the last fiscal budget was the main reason behind the loss. The tax, however, was reduced to 3% on January 1, he informed.
HeidelbergCement Bangladesh Limited is a sister concern of Germany-based multinational company Heidelberg Cement.
The principal activity of the company is manufacturing and marketing of gray cement under the brand names of “Ruby Cement” and “Scan Cement”.
Another listed cement company LafargeHolcim Bangladesh Limted’s consolidated EPS was Tk0.28 for April-June’20 as against Tk38 for the same period of last year. The company’s net asset value per share was Tk13.77 on June 30, 2020.
Lafarge disbursed 10% cash dividend for its shareholders for 2019. It now owns four cement plants including the country's only integrated cement in Chhatak of Sylhet. The company’s paid-up capital is Tk1,161 crore.