- Full-year net sales dropped slightly amid the recent political changeover and challenging macroeconomic environment.
- Yet, the company performed well due to its new business, including Aggregates and Special products.
- The company declared a 38% cash Dividend for the year 2024 (including a 19% interim cash dividend).
Iqbal Chowdhury, CEO of the company, said:
“Bangladesh experienced an eventful year in 2024, yet the company successfully navigated the challenges. It has progressed in its innovative and unique channel expansion through Direct-to-Retail and net retail outlets.
The contribution of special products also increased to 8% of the total revenue.
Operating profit from new business in Aggregates grew by 25%. Through its global platform Geocyle, the Company co-processed more than 45,000 tons of diverse waste streams, which substituted more than 10% of fossil fuels to accelerate the green growth agenda of the Company.
Looking ahead, we are prioritizing the expansion of sales channels, further advancing digitization throughout our operations, focusing more on the Aggregates business and expanding sustainable waste co-processing through our Geocycle division. With a steadfast commitment to operational excellence, cost optimization, and innovation, LafargeHolcim Bangladesh PLC remains confident in delivering strong results in the future.”
Financial Performance
| Particulars | 2024 | 2023 | Change (%) | |
| Net Sales | mBDT | 27,543 | 28,388 | -3% |
| Operating Profit | mBDT | 5,877 | 7,758 | -24% |
| Operating Profit Margin | % | 21% | 27% | |
| Profit After tax | mBDT | 3,819 | 5,942 | -36% |
| Earnings per Share (EPS) | BDT | 3.29 | 5.12 | -36% |
In 2024, Net sales were BDT 27,543 million, a 3% decrease from the previous year. Operating Profit was BDT 5,877 million, a 24% decrease from the previous year. Earnings per Share (EPS) was BDT 3.29, a 36% decrease from BDT 5.12 achieved in 2023.
Dividend
On October 2024, the Board of Directors of the Company recommended an interim dividend of nineteen percent (19%) in cash on the paid-up capital of the company out of the first nine (9) months’ profit of 2024 (from January 1, 2024, to September 30, 2024). At BDT 1.90 per share of BDT 10.00 each, the interim dividend amounted to BDT 2,207 million.
On March 12, 2025, the Board of Directors of the Company recommended a final dividend of nineteen percent (19%) in cash. The total dividend is 38% of the paid-up capital amounting to BDT 4,413 million, which is BDT 3.80 per share of BDT 10 each for the year ending on December 31, 2024.
Outlook
Looking ahead to 2025 and beyond, the Company is actively seeking to broaden its reach and access to new markets. Furthermore, increasing interestfor Special and innovative new products from the customers is leading us to focus on these two areas sharply. LafargeHolcim Bangladesh PLC remains well poised to continue delivering strong financial results with industry-leading margins in 2025 and beyond.
About LafargeHolcim PLC
LafargeHolcim Bangladesh PLC (LHB) is a frontline building material solutions provider in Bangladesh. Operating for more than two decades, it has invested ~USD 500 million, the largest foreign direct investment in the sector, to set up a fully integrated cement plant and three grinding stations. It is a joint venture of Holcim Group based in Switzerland and Molins, based in Spain. With state-of-the art technology and highly professional staff, the company produces world-class cement and other building materials to meet the growing demand generated by massive infrastructure development programs and improved socio-economic conditions. The company has provided direct and indirect employment opportunities for over 3,000 people.
With its grip on globalstandards and strength in innovations, LafargeHolcim Bangladesh PLC. is also regarded as a dependable solution provider in construction materials. It is producing and supplying customized cement for high profile projects in the country.
