• Sunday, Sep 19, 2021
  • Last Update : 11:15 pm

Heidelberg Cement’s Q2 earnings skyrockets

  • Published at 07:36 pm July 28th, 2021
Heidelberg Cement Bangladesh Ltd

The closing price of each of its shares was Tk327.4 after the end of Wednesday’s session

Just a year ago, the second quarterly (April-June) earnings of Heidelberg Cement was deep into the negative territory. 

However, due to a higher sales volume, increased gross profit margin and fewer financial expenses, the company not only pulled its earnings out of the negative area but also settled it down to a decent place.

In a filing with Dhaka Stock Exchange on Wednesday, Heidelberg Cement said that its consolidated earnings per share (EPS) was Tk3.56 for April-June 2021, a 207.5% increase from Tk3.31 in the negative for the same period of the previous financial year.

Moreover, the half quarterly earnings witnessed an even more increase. The company said that its consolidated EPS was Tk11.79 for the first half (January-June) of 2021, a massive 564.17% increase from Tk2.54 for the first half of 2020. 

Meanwhile, its consolidated net asset value (NAV) per share was Tk77.90 as of June 30, and Tk68.10 as of December 31, 2020. 

Earlier in the year 2020, Heidelberg Cement offered a 20% cash dividend to all its shareholders. 

The closing price of each of its shares was Tk327.4 after the end of Wednesday’s session.

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