FE Report

HeidelbergCement Bangladesh Limited has approved 33 per cent cash dividend for its shareholders for the year 2008.

The approval came at the 20th annual general meeting (AGM) of the company in the city Thursday, said a press release.

The company's chairman said that the year 2008 was an eventful and exceptional year in the company's history.

Total production and sale of the company exceeded to 1.0 million (10 lakh) tonnes, was record breaking. Market share of the company has further increased.

Despite various adverse factors, the company's sales increased by about 4.0 per cent from last year.

The company did an exceptional result during the year and earned an operating income of Tk 972.466 million and net income of Tk 592.524 million as against Tk 946.724 million and Tk 621.541 million of the previous year.

Thus its earning per share stood at Tk 105. The company contributed Tk 1278 million to the national exchequer during the period.

The company is endeavoring to upgrade and adopt new technology in production, as well as quality control of its product, he said.

International standard facilities are being employed in each and every step of the manufacturing and testing processes, he added.