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Masco Group bags National Productivity and Quality Excellence Award -2018

Masco Group has been adorned with National Productivity & Quality Excellence Award -2018 by Ministry of Industries of Bangladesh at the Institute of Diploma Engineers, Bangladesh (IDEB) on 28 July.

Masco bags National Productivity & Quality Excellence Award -2018
Figure: Managing Director of Masco Group Ahmed Arif Billah received the National Productivity & Quality Excellence Award -2018.

Industries ministry awarded total of 28 industries and service-oriented organizations in recognition of its contribution to increase the productivity and quality in the segment of micro-industry of Bangladesh.

The awardees were honored with crests and certificates at a program, organized by National Productivity Organization (NPO) at Diploma Engineers Institute in the capital on Sunday (July 28).

Industries Minister Nurul Majid Mahmud Humayun attended the function as the chief guest and State Minister for Industries Kamal Ahmed Mazumder was present as the special guest.

In this program, the top industries received the awards under six categories, as namely large industry, medium industry, small industry, micro-industry, cottage industry and state-owned enterprises.

The key results of Masco Group round the track of 2019 have promoted its growth and try to achieve their focus in sustainable profitability. They tried to achieve these key results and they were succeeded as given below:

  • Operating profit for the quarter increased 9 percent to $392 million; adjusted operating profit increased 5 percent to $399 million.
  • Earnings per share increased 21 percent to $0.82 per share; adjusted earnings per share increased 16 percent to $0.88 per share.
  • Updating 2019 anticipated earnings per share to be in the range of $2.51 – $2.61 per share, and on an adjusted basis, to be in the range of $2.62 – $2.72 per share, compared to a previous range of $2.60 – $2.80.
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