The Financial Express

Lafarge Q3 growth sees 116pc rise in pre-tax profit

Published: October 28, 2019 10:37:31 | Updated: October 28, 2019 12:59:23

Lafarge Q3 growth sees 116pc rise in pre-tax profit

LafargeHolcim Bangladesh Limited (LHBL) continued its profit growth due to the on-going drive in operational efficiency and cost optimisation, said a statement.

Though the 3rd Quarter (July-Sept, 2019) ended with lower volume in sales, the company managed to deliver a strong growth in profit before tax of 116 per cent.

Sales were muted during the quarter on account of market slowdown due to extended rain.

Commenting on this Rajesh Surana, Chief Executive Officer of LafargeHolcim Bangladesh said: "The Quarter 3, 2019 results once again demonstrate the strong performance trend that has been in place since 2018. Our focus on raising profitability through commercial innovation, operational efficiency and cost control, continues to pay off and we are determined to pursue this further".

LafargeHolcim Bangladesh has been able to meet customer demand as well as align itself with the massive development happening across the country. The Company is well placed with its quality products and services and its customer centric strategy.

LafargeHolcim Bangladesh operates four cement plants including the country's only integrated cement plant at Chhatak, Sylhet.

Share if you like