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BTRC Caps Aamra Technologies’ Bandwidth at 80% Over Unpaid Dues

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aamra technologies networks

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.

 

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Heidelberg Cement Discloses their Q3 Financials

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Heidelberg Cement

One of the listed companies,Heidelberg Cement Bangladesh Limited discloses its financial reports for the first quarter, (January – March 24).

The company’s earnings per share (EPS) was Tk 6.96 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 6.85 paisa during the same period last year. NAV per share was Tk. 74.16 as of March 31, 2024.

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Matin Spinning Reports Impressive EPS Growth in Q3

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Matin Spinning

One of the listed companies, Matin Spinning Mills PLC discloses its financial reports for the third quarter, (January – March 24).

The company’s earnings per share (EPS) was Tk 0.98 paisa in Q3 of the current financial year (January – March 24). EPS was Tk 0.11 paisa during the same period last year. NAV per share  (with revaluation reserves) was Tk. 57.19 as on March 31, 2024.

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EPS hikes for Prime Bank in Q1

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Prime Bank

One of the listed companies, Prime Bank PLC discloses its financial reports for the first quarter, (January – March 24).

The company’s Consolidated earnings per share (EPS) was Tk 1.16 paisa in Q1 of the current financial year (January – March 24). Consolidated EPS was Tk 0.92 paisa during the same period last year. Consolidated NAV per share was Tk. 31.93 as of March 31, 2024.

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