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:
Orient Bell Ltd
of INDIA
(2020
sales of 4.92 billion Indian Rupees [US$66.70 million]
of which 100%
was Ceramic Tiles and Allied Product),
Nitco Limited
of INDIA
(4.61 billion Indian Rupees [US$62.47 million]
of which 98%
was Tiles & Other Related Products), and
CMC Joint Stock Co
which is
based in VIETNAM
(1.31 trillion Vietnamese Dong [US$57.39 million]
of which 100%
was Brick).
Sales Analysis.
Sales were up sharply during the second
quarter of 2021 versus the previous year's second quarter.
During the second
quarter of 2021, sales at Rak Ceramics Bangladesh Ltd totalled
1.53 billion Bangladeshi Taka.
This is
an increase of 205.0%
from the 503.19 million Bangladeshi Taka in sales at the company during the second quarter of 2020.
This was the biggest same quarter rise in sales at Rak Ceramics Bangladesh Ltd in the previous 31 quarters.
During the first two
quarters of 2021, sales totalled 3.27 billion Bangladeshi Taka, which is
65.7% higher
than through the first two quarters of 2020.
Rak Ceramics Bangladesh Ltd reported sales of 5.29 billion Bangladeshi Taka (US$62.14 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)
.