Shares of Ambuja CementsNSE 2.59 % advanced nearly 4% in Monday’s trade ahead of the company’s March quarter results scheduled later in the day.
HeidelbergCement Bangladesh Limited, for the first time since its enlistment in the Dhaka Stock Exchange in 1989, declared no dividend for the fiscal year 2019-20 for its shareholders as the company incurred Tk18.64 crore loss in the last fiscal.
The country’s cement sector which incurred heavy losses in the 3QFY20 has urged the government to reduce the federal sales tax from 17pc to 15pc in the upcoming federal budget.
Pakistan cement manufacturers on Wednesday increased cement wholesale prices by upto Rs55/bag (or $0.375) in northern region (Punjab and Khyber Pakhtunkhwa), cement dealers confirmed to The News.
Japan's leading cement maker Taiheiyo Cement Corp. has teamed up with an Indonesian state-backed peer to penetrate the growing local market and elsewhere.