Aramit Cement posted a revenue of BDT41.3m (US$0.34m) in the first half of FY24-25 (July-December 2024), representing a drop of 51 per cent YoY from BDT84.3m in the 1HFY23-24.
However, lower business costs enable the company to reduce its loss by 49 per cent to BDT135.7m.
Aramit Cement is currently trading on the stock exchange under Z category due to failure to pay dividends in the last few years. Earlier in January, the Chattogram Money Loan Court had ordered the freezing of the company’s bank account, according to The Business Standard. Judge Mujahidur Rahman of the court passed the order in response to a case filed by Bank Asia, seeking repayment of BDT146.m.
