LafargeHolcim approves 25% cash dividend
It is the company’s highest dividend payout since its inception in Bangladesh
LafargeHolcim Bangladesh Limited (LHBL) approved a 25% cash dividend for the year that ended on 31 December 2021.
The company's shareholders approved the dividend at the 24th annual general meeting (AGM) that was held on Monday via a digital platform, reads a press statement.
The dividend was proposed by the company's board on 31 January and is its highest dividend payout since its inception in Bangladesh.
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LHBL's Chairman Christof Hässig presided over the AGM, where Chief Executive Officer Rajesh K Surana and other board members were present.
In 2021, the cement maker's sales increased by 27% year-on-year to Tk2,053 crore thanks to its aggregates business. However, currently, its aggregate production is suspended as per an order from the High Court.
Its profit jumped 64% to Tk388 crore.
Rajesh K Surana said in the press release that 2021 had been an unprecedented year for everyone with so many external challenges.
"We are happy to deliver another year with record top-line improvement by 27% and net profit improvement by a staggering 64%."
"We are moving into 2022 with the continued strong motivation and firmly on focus to achieve sustainable growth by further expanding our footprints in the building materials space as a unique solution and service provider," he added.
