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HomeLatest News AGM 2010 
HeidelbergCement approves 38 pc dividends
HeidelbergCement Bangladesh Ltd. approved 38% cash dividend for its shareholders for the year 2009 at the 21st annual general meeting (AGM) of the Company held on Thursday, June 03, 2010 at Company’s Plant at Rupgonj, Naryangonj. The Managing Director of HeidelbergCement Jean- Claude Jamar presided over the meeting.

The Chairman in his welcome address to shareholders said that the year 2009 was another successful and exceptional year in the Company’s history in every way and further strengthened its market position while maintaining price leadership. Due to its two strong quality brands Scan Cement and Ruby Cement, the Company took advantage of the new production line in Kanchpur to keep up with the market growth. Sales volume increased by 9.7% and price increased by 3.2%. The Net Asset size of the Company, at the year-end, stands at 3,972 million, marking a growth of 20% over the previous year. 

During the year under review, your Company earned a net profit of Taka. 851 million compared to previous year’s Taka 592 million showing a robust growth of 43.75%. Earning per share increased from Taka 105 to 151. The Company contributed Tk. 1643 million to National Exchequer as against Tk. 1278 million in the previous year. 

The board of directors appreciated the performance of the officers, staff and workers whose untiring efforts helped to optimize the profit of the Company. The shareholders expressed their satisfaction and expected Company’s success in the future. 

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