Dhaka, Bangladesh (BBN)-Lafarge Surma Cement’s consolidated profit grew up by 32 percent in the first half (January to June’14) compared to same period last year.
The earning per share (EPS) stood at BDT 1.21, said an office disclosure on Tuesday.
As per un-audited half yearly accounts of Lafarge Surma Cement, the company earned (excluding non-controlling interests) BDT 1,402.27 million with consolidated EPS of BDT 1.21 as against BDT 1,062.02 million and BDT 0.91 respectively for the same period of the previous year.
The price of Lafarge Surma soared 148 percent during the last six month period as the multinational cement company declared 5 percent interim cash dividend at the end of May, 2014 after it covered up accumulated losses.
The news of a merger plan with Holcim, another cement giant, also pushed up the prices of Lafarge.
In April this year, France’s Lafarge and Switzerland’s Holcim announced plans to merge into a company with a stock market value of more than $50 billion in the industry’s biggest ever tie-up.
The company listed in the Dhaka bourse in 2003. The market lot is 500 shares. Of the total shares, 70.06 percent in sponsor/directors hands while rest of 29.94 percent in public hands.
BBN/BB/ANS-22July14-7:00pm (BST)
