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Paramount Textile rated “The highest credit quality”

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Paramount

Paramount Textile Limited has received an AA credit rating for the long term and ST-1 in the short term.

The ratings, announced by Alpha Credit Rating Limited, signify a company’s strong capacity to repay stockholders and a good position in the stock market.

The ratings indicate a company’s financial excellence, health, franchise sustainability, and a first-class operating environment.

Earlier in 2020, the rating agency rated the company as AA in the long term and ST-1 in the short term.

The textile company was listed on the stock exchange in 2013. It raised Tk84 crore with a Tk18 premium against each share at Tk10 face value from the capital market with an initial public offering (IPO).

From July to March FY22, the company made a net profit of Tk63.82 crore, which was Tk52.78 crore in the same period of 2021.

During the period, its revenue stood at Tk462.14 crore, which was Tk375.25 crore one year ago.

The company had earnings per share of Tk3.92 and its net asset value per share was Tk28.91 as of 31 March 2022.

As of 31 August 2022, sponsors and directors owned 60.95pc, institutions 9.55pc, foreign investors 4.20pc, and general investors held 25.30pc shares of the company.

The last closing share price of the company on the Dhaka stock exchange was Tk77 on Tuesday.

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Indices Negative Amidst Turnover Hikes

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dse bourse indices turnover dhak stock exchange stock market

Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.

503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.

The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.

Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.

Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.

Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.

DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.

A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka

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National Polymer Announce Their Dividends & Q2 Financials

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One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.

It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.

The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.

The Company also discloses its financial reports for the second quarter, (April – June 24).

As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.

For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.

Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.

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Beacon Pharma Declares Their Dividends

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One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.

It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.

The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.

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