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Envoy Textiles Declares its Dividends, Q1 & Q2 Financials

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Envoy Textiles

One of the Listed companies, Envoy Textiles Limited has recommended 15% Cash Dividend for the year ended June 30, 2023.

In terms of financial performance, The Company has further informed EPS of Tk. 1.95 for the year ended June 30, 2023. The Company has also reported NAV per share of Tk. 38.57 paisa.

The Annual General Meeting (AGM) of the company will be taking place on March 13, through the digital platform. The record date for this has been fixed at February 15.

The company discloses its financial reports for the first quarter, (July-September 23).

The company’s earnings per share (EPS) of Tk 0.65 paisa in Q1 of the current financial year (July-September 23). EPS of Tk 0.64 paisa during the same period last year. NAV per share was Tk. 39.21 as of September 30, 2023.

The financial reports for the second quarter, (October – December 23).

The company’s earnings per share (EPS) of Tk 0.80 paisa in Q2 of the current financial year (October – December 23). EPS was Tk 0.59 paisa during the same period last year. NAV per share was Tk. 40.01 as of December 31, 2023.

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DSE on Red, yet SME shows Diverse Performance

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DSE

Dhaka Stock Exchange DSE, Bourse on the second working day of the week, March 3rd, ended with price Index massive drops & turnover dips. This information is known from DSE sources.

On the other DSE Small-Medium Sized Enterprises SME Market reports gaining performance, The trading in the SME market closed at 44 crore 95 lakh taka, where yesterday the trading was 23 crore 53 lakh taka, which means 21 crore 42 lakh taka more were done today compared to the previous day trading.

The Index DSMEX stood at 1544 points after adding 61.63 points or 4.15 percent. Furthermore, the total listed companies in SME Market are 18, where 16 companies issued advanced and 2 declined.

793 crore 67 lakh taka shares were traded on this day. 187 crore 87 lahks less tradings were done in DSE today compared to the previous workday, 3 March, Shares worth Tk 981 crores 55 lakh shares were traded last time, Sunday.

The benchmark DSEX lost 39.94 points or 6,175 The Shariah-based index DSES lost 5.25 points or 1,344, and the blue-chip index DS30 decreased by 5.42 points or 2,108.

Of the issues traded, 115 advanced, 214 declined and 67 remained unchanged.

GQ Ballpen Industries Limited ranked top gainer on DSE, the share price increased by Tk 11.30 paisa or 9.98 percent. On this day, the share was last traded at Tk 124.50 paisa.

Fareast Islami Life Insurance Company Limited ranked top loser on the DSE, the share price dropped by Tk 5.90 paisa or 10.00 percent. On this day, the share was last traded at Tk 53.10 paisa. Additionally Prime Textile Spinning Mills Limited also ranked top loser on the DSE, the share price dropped by Tk 2.60 paisa or 10.00 percent. On this day the share was last traded at Tk 23.40.

DSE topped on trade is Central Pharmaceuticals Limited 56 crore 46 lakh takas of shares of the company have been traded.

A total of 74 companies’ shares were traded in the Block on the Dhaka Stock Exchange, 93 lakh 92 thousand 13 shares of the companies were traded. The financial value of which is 46 crore 38 lakh taka.

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Beximco Taps Iqbal Ahmed as New Managing Director

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Beximco

Beximco Pharmaceuticals has announced the appointment of Iqbal Ahmed, a current director, as the new managing director for a five-year term.

hmed, who has been serving on the board since 1985, will assume the role pending approval from shareholders at the upcoming annual general meeting. The move follows the resignation of the company’s former managing director, Nazmul Hasan, who stepped down from the position after assuming a ministerial role in the government.

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6 More Companies to Enter ‘Z’ Categories Starting Tomorrow

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z category

Starting tomorrow, Monday (March 4), shares of six companies will be transferred to the ‘Z’ category on the Dhaka Stock Exchange, as directed by the Bangladesh Securities and Exchange Commission (BSEC).

The decision stems from various factors, including the failure to host the annual general meeting, production shutdown for over six months, and many other reasons.

However DSE mentioned two companies from the textile sector, two from the pharmaceutical and chemical sector, one from the financial sector, and one from the insurance sector. The affected companies are Prime Textile, Prime Finance, New Line Clothings, Far East Islamic Life Insurance, AFC Agro Biotech, and Active Fine Chemicals Limited. The ‘Z’ category is typically assigned for companies facing financial troubles or regulatory issues, signaling caution for investors.

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