Stocks
ADN Telecom tops in the weekly gainers in Bourses
ADN Telecom Limited has ranked top in the weekly bourses on Dhaka Stock Exchange, DSE.
This information is known from DSE sources.
The previous week the price of the firm soared by 25.55pc. The share traded a total of 98 crores 44 lakh 31 thousand takas which is an average of 19 crores 68 lakh 86 thousand 200 takas per day.
The share price of Anwar Galvanizing ranked 2nd on the list and soared by 22.77pc. The share traded a total of 216 crores 66 lakh 59 thousand takas which is an average of 43 crores 33 lakh 31 thousand 800 takas per day.
The share price of Sunlife Insurance ranked 3rd in the list and soared by 16.50pc. The share traded a total of Tk 23 crore 21 lakh 13 thousand which is an average of 4 crores 64 lakh 22 thousand 600 takas per day.
Other companies that made the list include Aramit at 15.81pc, Eastern Lubricants at 15.02pc, Rangpur Foundry at 13.60pc, Sonali Aansh Industries at 13.32pc, KDS Accessories at 10.53pc, Sonali Paper & Board Mills at 9.62pc and Rahima Food Corporation share roses at 6.74pc.
Orthosongbad/NR
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.
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.
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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