LafargeHolcim profits double in Jan-Sep

LafargeHolcim Bangladesh Ltd (LHBL) saw its profits double between January and September this year after optimising its production costs and digital services.

The cement maker logged Tk 308 crore in profits in the first three quarters of 2021, up 106 per cent from Tk 149 crore  during the same period a year before.

The company's net sales grew 37 per cent year-on-year to Tk 1,565 crore for the July-September period, according to LHBL, one of two listed multinational cement makers in Bangladesh.

"The company has delivered yet another exceptional quarter backed by strong cost control and efficiency improvements," said Rajesh K Surana, chief executive officer of LHBL after a board meeting.

"In addition, our new product launches are highly successful and our customers continue to repose faith in our wide range of products and solutions.

"Our digital business has taken off to a new league of growth and creates potential for continued momentum," Surana added.

LHBL's net sales rose 26 per cent year-on-year to Tk 460 crore in the third quarter this year from Tk 365 crore in 2020. The cement maker's profit after tax rose 43 per cent year-on-year to Tk 93 crore in the same period.