Higher energy costs drag LafargeHolcim profit down 21pc in Jan-Sept
Bangladesh, Oct. 20 -- Despite higher revenue, LafargeHolcim Bangladesh suffered a 21 per cent year-on-year decline in profit to Tk 2.79 billion in the first nine months this year, mainly due to a surge in energy, fuel, and production costs.Buy Maps
Strategic pricing adjustments, robust demand for value-added products, and strong performance in the aggregates business supported the company's sales growth, but elevated energy, fuel, transportation, and raw material costs placed considerable downward pressure on profit margins.
Geopolitical tensions stemming from the conflicts in the Middle East pushed up energy prices. At the same time, the domestic economic slowdown constrained demand, limiting the company's ability to fully pass on ris...
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