Stocks
BTRC Caps Aamra Technologies’ Bandwidth at 80% Over Unpaid Dues
Aamra Technologies Limited, a listed internet gateway service provider, faces a bandwidth capacity cap of 80% by the Bangladesh Telecommunication Regulatory Authority (BTRC) due to unpaid government revenue sharing dues totaling Tk43.75 crore. The BTRC Commissioner, Musfiq Mannan Choudhury, revealed that the issue originated from Aamra Technologies’ failure to clear payments with the Bangladesh Submarine Cable Company Limited, resulting in bandwidth reduction.
The telecom regulator had previously blocked 50% of the company’s bandwidth in July the previous year, reinstating it after payment. Despite efforts by Aamra Technologies’ management to resolve the matter, the outstanding dues of Tk16.25 crore have led to the recent bandwidth restriction, potentially causing disruptions in the company’s internet services to clients.
In the fiscal year 2022-23, Aamra Technologies’ payable to the BTRC for revenue sharing amounted to Tk43.75 crore, with Tk27.50 crore paid by June 30, 2023. The financial statement indicated a significant increase in revenue sharing compared to the previous year, creating financial strain for the company. Aamra Technologies, specializing in IT solutions such as systems integration and core banking software, has been listed on the capital market since 2012. The recent development has impacted its share price, closing at Tk31.30 on Monday, reflecting a 1.62% decrease from the previous trading session.
Dhaka Stock Market DSE, Bourse on the last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.
