RAK Ceramics MD to buy 85,000 shares through his proprietorship

SAK Ekramuzzaman, a sponsor shareholder and the managing director (MD) of the multinational company RAK Ceramics (Bangladesh), has declared his intention to purchase 85,000 shares of the listed entity through his proprietorship, Mohammed Trading.

In a disclosure published on the stock exchanges' websites today (12 October), RAK Ceramics stated that Ekramuzzaman intends to acquire the shares at the prevailing market price through both the Dhaka and Chittagong bourses.

Based on yesterday's closing price of Tk23.70 per share – down 2.47% from the previous session – the total value of the planned purchase amounts to approximately Tk20.14 lakh.

As a sponsor of RAK Ceramics, Ekramuzzaman currently holds 1.69 crore shares, representing a 3.94% stake in the company.

On 8 October, RAK Ceramics announced that its tiles production line-3 will remain under maintenance from 8 October to 30 December.

The other three production lines – Line-1, Line-2, and Line-4 – will continue operations during the period. 

The company will notify the market once the maintenance work is completed and Line-3 resumes production. 

In the first half of 2025, the company reported that it had incurred a consolidated loss per share of Tk0.49 during the January to June period. 

At the same time of the previous year, its earnings per share were Tk0.09, its report showed. 

Regarding the significant deviation on its profit, the company said its sales decreased by 2.67% from Tk318.56 crore to Tk310 crore due to declining market demand.

Its gross profit margin also declined significantly from 20.66% to 15.03%, mainly because of rising raw materials and manufacturing costs. Finance expenses increased as additional funding was required from the bank to meet working capital needs, resulting in a drop in net profit after tax, it said.