Premier Cement bounces back with Tk 74.23 crore profit in FY24

Premier Cement Mills PLC reported a significant turnaround, posting a profit of Tk 74.23 crore for the fiscal year ending June 30, 2024, compared to a Tk 84.23 crore loss the previous year. The company’s earnings per share rose to Tk 7.04, and it recommended a 21.50% cash dividend, its highest in nine years. Premier Cement, operating since 2001, has expanded its production capacity to 5.16 million tonnes annually. The company’s shares surged 3.23% to Tk 64 at the Dhaka Stock Exchange.READ FULL