Heidelberg Materials profit drops 50% in Jan-Mar

Heidelberg Materials Bangladesh, a multinational cement manufacturer, reported that its net profit dropped by 50% in the first quarter of 2025 as its revenue significantly declined.

The German-based cement manufacturer disclosed the financial statement, which was approved in the board meeting held on 24 April, its officials said.

According to the statement, Heidelberg Materials posted the profit of Tk19.65 crore, which was significantly lower than Tk39.32 crore in the same quarter previous year.

During the quarter, its revenue dropped by 11% to Tk429.58 crore compared to the previous year same quarter.

At the end of the first quarter, its earnings per share stood at Tk3.48.

Meanwhile, the company also recommended a 25% cash dividend to its shareholders for the year 2024, according to its statement. It had paid the same dividend in 2023.

To approve the dividend and the audited financial statement for the last year, Heidelberg Materials will conduct the annual general meeting on 16 June, and the record date is 20 May.

In the last year, its earnings per share stood at Tk8.17, which was slightly higher form the previous year.

On Thursday, its shares closed at Tk233.20, which was 4.89% lower than the previous year on the Dhaka Stock Exchange.

The company got listed on the Dhaka bourse in 1989 as Chittagong Cement Clinkers Grinder, which was later acquired by HeidelbergCement, currently renamed as Heidelberg Materials.

Its sponsors and directors hold 60.67% of shares, while institutional investors have 28.42%, foreign investors 0.04% and the remaining 10.87% is held by the general shareholders.