Leading cement manufacturer Premier Cement Mills PLC's profit fell by a massive 87 percent year-on-year to Tk 3.28 crore in the third quarter of the 2024-25 fiscal year due to higher raw material and finance costs.

 Its revenue for the January-March 2025 quarter fell 4 percent year-on-year to Tk 724.18 crore, according to the company's financial statements.

 The company's earnings per share dropped to Tk 0.31 in the third quarter, compared to Tk 2.58 in the same quarter of fiscal 2023-24.

 For the nine months from July 2024 to March 2025, its consolidated EPS stood at Tk 0.67, down from Tk 5.19 in the same period a year earlier.

 Despite the profit decline, the company reported a consolidated net operating cash flow per share of Tk 6.08 for the nine months, up from Tk 5.53 in the same period last year.

 Premier Cement, which began operations in 2001, expanded its production capacity to 2.4 million tonnes per year.

 A 2017 strategic partnership with FL Smidth-Denmark boosted its capacity to 5.16 million tonnes annually, as per its website.

 As of March 31, 2025, sponsors and directors held 43.58 percent of Premier Cement, while institutions held 26.35 percent, the public 30.06 percent, and foreign investors 0.01 percent, according to Dhaka Stock Exchange data.