Rak Ceramics Bangladesh Ltd operates in the Ceramic wall and floor tile sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Rak Ceramics Bangladesh Ltd with three other
clay and ceramic product manufacturers in Asia:
Nitco Limited
of INDIA
(2020
sales of 4.61 billion Indian Rupees [US$61.13 million]
of which 98%
was Tiles & Other Related Products),
Orient Bell Ltd
of INDIA
(4.92 billion Indian Rupees [US$65.28 million]
of which 100%
was Ceramic Tiles and Allied Product), and
CMC Joint Stock Co
which is
based in VIETNAM
(1.31 trillion Vietnamese Dong [US$56.61 million]
).
Sales Analysis.
Rak Ceramics Bangladesh Ltd reported sales of 5.29 billion Bangladeshi Taka (US$62.46 million)
for the
year ending
December of 2020.
This
represents
a
decrease of 18.2%
versus 2019, when the company's sales were 6.46 billion Bangladeshi Taka.
The sales level in 2020 was fairly close to the level five years ago: in 2015, Rak Ceramics Bangladesh Ltd had sales
of 5.06 billion Bangladeshi Taka.
Contributing to the drop in overall sales was the 18.3% decline
in Creamics and Sanitary Ware, from 6.41 billion Bangladeshi Taka to 5.23 billion Bangladeshi Taka.
There were also decreases in sales in
Security and Services (down 6.7% to 50.31 million Bangladeshi Taka)
.
However, these declines were partially offset by the increase in sales of
Power (up 180.5% to 5.46 million Bangladeshi Taka)
.