Meghna Cement makes a turnaround gaining profit of Tk 55.87m in FY22
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Dhaka, Nov. 9 -- Meghna Cement Mills, a concern of Bashundhara Group, gained Tk 55.87 million in profit in the fiscal 2021-22 ended in June, a turnaround from Covid-induced losses the year before.
As a result, earnings per share rose to Tk 1.95 for FY22 from Tk (0.86) in the previous year. The company suffered losses amounting to Tk 24.60 million in FY21.
The achievement is the result of "efficient management, appropriate business strategy, and own distribution channels", said company Secretary Md Asaduzzaman.
"Everything is going well, and I hope the company will perform well in the days to come," he said.
Meghna Cement uses packaging materials produced by a concern of Bashundhara Group at a competitive price and has its own distribu...
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