Dhaka, Jan. 30 -- Crown Cement returned to profit in the second quarter of the FY23 ended in December, having suffered losses in the previous two quarters, as it boosted revenue while cutting down costs.

It secured a profit of Tk 147.32 million in the three months through December 2022 while the loss in the first quarter of the ongoing fiscal year was Tk 53.04 million.

The fourth quarter of the previous fiscal year ended in June 2022 was even worse, registering a loss of Tk 364 million. The huge negative earnings wiped out profits made in the rest of the FY22 and brought annual loss to Tk 229 million.

The cement manufacturer endured an "unprecedented" foreign exchange loss in the April-June quarter of 2022.

While the dollar remained s...