Leading drug makers showed a double-digit revenue growth year-on-year in the nine months through March this year, but the rise in their profits was much slower in comparison during the period for escalation in business cost. Increased raw material prices, energy costs and interest expenses p
Marico Bangladesh has declared a cash dividend of Tk 20 per share, the lowest in 11 years, for the fiscal year ended in March this year, despite a 19 per cent year-on-year growth in net profit. The manufacturer of famous Parachute Coconut oil saw its profit jump to Tk 46.06 billion in the ye
The Board of Directors of NRB Commercial (NRBC) Bank Limited has recommended an 11 per cent cash dividend for the shareholders for the year 2023, subject to the approval of the 11th Annual General Meeting of the Bank. The decision was adopted in the 183rd meeting of the Board of Directors,
Dhaka Stock Exchange (DSE) witnessed its highest turnover in two months on Tuesday. It posted a turnover of Tk 8.36 billion, which is also a 26 per cent rise from the previous session and down by Tk 8 million from the March 5 turnover. DSEX, the broad index of the DSE, gained 15 points, despite m
Stocks opened lower on Tuesday as the jittery investors continued their selling spree on sector specific large-cap shares amid the prevailing volatility in the market. Price fall of selective large-cap stocks such as Power Grid, BAT Bangladesh, Marico, Robi and Investment Corporation of Bangladesh
Eastern Housing's profit dropped 14 per cent year-on-year to Tk 135 million in the January-March quarter of FY24, as apartment sales plunged for rising costs of building materials amid runaway inflation. The lone listed realtor's apartment sales plunged almost 87 per cent year-on-year to n
Square Pharmaceuticals has exhibited a 15 per cent year-on-year growth in profit for January-March FY24 to Tk 4.41 billion, supported by higher revenue. It witnessed an 8.44 per cent year-on-year growth in revenue to Tk 17.22 billion in the quarter. Muhammad Zahangir Alam, chief financial
The Board of Directors of Dhaka Bank PLC has recommended a 10 per cent cash dividend for the year that ended on December 31, 2023. The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 25 at 11:00 am on the digital platform, said an offic
The cut-off price of initial public offering (IPO) shares of Techno Drug Ltd has been fixed at Tk 34 each through an electronic bidding process involving eligible investors. The determination of this price took place over a 72-hour bidding window from April 21 to April 24, as mandated by the book-
Stocks witnessed a downturn in the early hours of trading on Monday, after a single-day break, as risk-averse investors were mostly in selling mode amid the prevailing volatility in the market. The market failed to stay upbeat as the large-cap stocks such as BAT Bangladesh, GP, Power Grid, Walton,
National Bank continued to be in the red in 2023, weighed down by default loans and higher interest payments against borrowed funds and deposits. However, the amount of losses incurred last year was 54 per cent less to Tk 14.97 billion, compared to the previous year. Accordingly, the earnin
Stocks rebounded strongly on Sunday, snapping out of a three-day plunge, as bargain hunters put fresh bets on lucrative shares in anticipation of potential turnaround after reappointment of the securities regulator chairman. Professor Shibli Rubayat-Ul Islam has been reappointed as chairman of t
Professor Shibli Rubayat-Ul Islam has been reappointed as the chairman of the Bangladesh Securities and Exchange Commission (BSEC) for another four-year term. Prof Islam is a former dean of the Faculty of Business Studies of Dhaka University. The Financial Institutions Division of the Ministry of
