Cement News tagged under: Aramit Cement
Bangladesh's foreign and local cement firms report mixed financial results in 1QFY2415 December 2023, Published under Cement NewsThe Bangladesh foreign and local cement firms listed at the Dhaka Stock Exchange (DSX) improved their earnings in the July-September quarter of FY23-24, overcoming challenges stemming from rising energy costs and the depreciation of the taka currency against the dollar during this accounting period. According to local media, the cement makers partially offset additional costs by boosting sales prices and taking advantage of the recent reduction in raw materials prices in the global market. ... |
Aramit Cement reports ongoing losses20 November 2023, Published under Cement NewsBangladesh-based Aramit Cement Plc has announced its financial results for the 1QFY23-24 (July -September 2023) and FY23 (July 2022 –June 2023). The company reported an extending net loss after tax of BDT136.07m (US$1.23m) between July and September 2023 against a loss of BDT89.59m during the same period last year. The noticeable loss in the 1QFY23-24 was due to the contract in sales growth to BDT25.28m from BDT50.17m during this accounting period, according to the company. The same ne... |
Aramit Cement Ltd posts loss in 1QFY2321 November 2022, Published under Cement NewsAramit Cement Ltd of Bangladesh has announced its financial results for three months (July 2022 to September 2022) on 14 November 2022. It posted a net loss of BDT89.5m (US$0.879m) during these three months compared to a loss of BDT66.4m in the corresponding period last year, says Company Secretary Syed Kamruzzaman. The company’s net sales decreased by 83.15 per cent to BDT50.17m from BDT297m, the top line recorded in the same quarter last year. Administrative expenses remained stag... |
Bangladesh approves Aramit’s rights offer12 December 2013, Published under Cement NewsBangladesh's securities regulator Tuesday approved the rights offer of Aramit Cement to boost the company's capital base, according to local press reports. The cement manufacturer will offer one rights share against one existing shae, at an offer price of BDT15 each, including BDT5 as premium. The company will issue BDT1.69 crore rights shares to its existing shareholders to raise the fund. AAA Consultant and Financial Advisers will manage the rights share issue. |
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