Premier Cement Mills PLC posted a profit of INR19.6m (US$226,216.56) for the second quarter of FY2024-25, marking an 89 per cent YoY decline. Consolidated earnings per share (EPS) fell to INR0.19 for the October-December 2024 period, compared to INR1.69 during the same period last year, according to a disclosure on the Dhaka Stock Exchange (DSE).
Despite the decline, Premier Cement's share price rose by 0.44 per cent to INR3.68 during midday trading on the DSE.
For the July-December 2024 period, EPS was INR0.30, down from INR2.13 a year earlier. However, consolidated net operating cash flow per share improved to INR 44.3, up from INR40.6 YoY.
Premier Cement, founded in 2001, has steadily increased its production capacity to 2.4Mt annually. Its strategic partnership with FLSmidth Denmark in 2017 boosted output capacity to 5.16Mt, positioning the company as a major player in the Bangladeshi cement market.
