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People’s Leasing Share Trading Set to Resume on Mar 10 under ‘Z’ Category

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people's leasing

The resumption of share trading for the scam-affected non-bank financial institution (NBFI) People’s Leasing and Financial Services is scheduled for March 10, as announced by the Dhaka Stock Exchange (DSE). The DSE had suspended trading of the NBFI’s shares in July 2019 to safeguard investor interests during the initiation of liquidation proceedings.

In a disclosure on Thursday (7 March), the DSE confirmed that share trading for People’s Leasing would recommence on March 10, placing it under the Z category. Currently priced at Tk3 per share at the DSE, People’s Leasing has undergone significant changes, including a proposed name change to Sonar Bangla Lease Finance in December last year. The reconstruction board aimed to shed the negative image associated with the institution as part of its revival strategy.

Despite the board’s request to the Bangladesh Securities and Exchange Commission (BSEC) to withdraw the trade suspension in tandem with the name change, the Bangladesh Bank rejected the proposal, citing ongoing legal proceedings related to the matter.

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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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