Earnings Report /
Bangladesh

LafargeHolcim: 2Q 21 – 1200bps yoy GPM expansion boosted earnings; Reiterate HOLD, Raise TP

  • LHBL BD reported 2Q CY 21 NPAT of BDT1,117mn (EPS: BDT0.96)

  • Revenue stood at BDT4,736mn, attributed to BDT4,381mn cement sales and additional BDT355mn from Aggregates

  • 2Q 21 GPM stood at 34.0%, up by 1,200bps yoy. We revise our TP to BDT64 (+14% revision from BDT56), Reiterate HOLD

Joy Bhattacharjee
Joy Bhattacharjee

Research Associate

Auneea Haque
Auneea Haque

Research Associate

IDLC Securities
18 July 2021
Published byIDLC Securities

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