Dhaka, March 6 -- The board of directors of Heidelberg Cement Bangladesh has recommended a 25 per cent cash dividend for the year ended in 2023, as the company is back in profit after suffering losses in the year before.

The final approval of the dividend will come during the annual general meeting (AGM), scheduled to be held on May 8. The record date is set for April 2.

The Germany-based cement maker made Tk 459 million in profits in 2023, after suffering a net loss of Tk 233 million in the year before, according to its annual disclosure published on Wednesday.

Accordingly, the company has also reported earnings per share (EPS) of Tk 8.13 in 2023, as against a loss of Tk 4.13 per share in 2022.

Despite a remarkable recovery, the comp...