LafargeHolcim Bangladesh declares 48% dividend, highest ever

LafargeHolcim Bangladesh has declared a historical high dividend of 48 per cent for its investors based on the listed multinational cement producer's performance in 2022.

Today, the board of directors of the company also recommended 15 per cent cash dividend for the October-December period of 2022.

The company's net profit rose 14 per cent year-on-year to Tk 445 crore last year although 2022 has been a tough year for the whole cement industry.

LafargeHolcim's net sales also increased 15 per cent year-on-year to Tk 2,359 crore in 2022.

The company launched new sustainable product "Supercrete Plus" last year, which ensured growth in its aggregated business, said Iqbal Chowdhury, CEO of LafargeHolcim Bangladesh.

The company has also increased its digital footprint and gained traction in new business channels, which altogether helped book the profits, he said.

LafargeHolcim continued advancing as a leader in sustainability with a waste management initiative towards the goal of becoming a carbon neutral company by 2050, Chowdhury said.

The cement maker looks forward to continue introducing new innovative and sustainable building material solutions for the Bangladesh market in 2023, he said.

"This will further differentiate us in the market."

Shares of LafargeHolcim Bangladesh were unchanged at Tk 64.8 on the Dhaka Stock Exchange today.