Stocks
DSE: BDCOM Online listed as the top weekly loser
BDCOM Online Limited has topped the weekly share price loser in the Dhaka Stock Exchange, DSE.
This information is known from DSE sources.
It is known that the price of the company drops by 30.46pc during the week. The share traded a total of Tk 58 crore 49 lakh 34 thousand which is an average of 11 crores 69 lakh 86 thousand 800 takas per day.
The Peninsula Chittagong Ltd, which ranked 2nd on the list, lost 23.97pc. The share traded at a total of 35 crores 55 lakh 96 thousand takas. Which is an average of 7 crores 11 lakh 19 thousand 20 takas per day.
Bangladesh Buildings Systems Ltd, which ranked 3rd on the list, lost 21.61pc. The share traded a total of Tk 108 crore 59 lakh 38 thousand. Which is an average of 21 crores 71 lakh 87 thousand 600 takas per day.
Other companies that made it to the list include Fareast Knitting & Dyeing Industries at 19.11pc, Aftab Automobiles at 18.02pc, Indo-Bangla Pharmaceuticals at 17.88pc, Ratanpur Steel Re-Rolling Mills at 17.07pc, Yeakin Polymers at 16.87pc, Unique Hotel & Resorts at 15.14pc & Advent Pharma Ltd shares fell at 14.58pc.
Orthosongbad/NR
Stocks
National Polymer Announce Their Dividends & Q2 Financials
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.
Stocks
Beacon Pharma Declares Their Dividends
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.
Stocks
BSEC Delists Three Auditors for FRC Failure
The Bangladesh Securities and Exchange Commission (BSEC) has removed three audit firms from its panel for their failure to secure enlistment with the Financial Reporting Council (FRC), according to a notice issued today.
The firms—A Hoque & Company, FAMES & R, and SK Barua & Company Chartered Accountants—were delisted following the FRC’s request. In December last year, the FRC published a list of enlisted audit firms and subsequently, in February, requested the BSEC to remove any firms that were not included on that list.
BSEC regulations mandate that financial statements signed by auditors outside its approved panel will not be accepted. With the removal of these three firms, the total number of audit firms on the BSEC panel has been reduced from 48 to 45.
Sources from the FRC revealed that 15-20 audit firms failed to secure enlistment last year, and approximately 45 chartered accountants are currently under restrictions imposed by the Institute of Chartered Accountants.
Although the delisted firms can no longer audit issuer companies or listed securities, they are allowed to complete audit and assurance services that were initiated before their removal, the BSEC clarified.
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