Stocks
Shyampur Sugar Mills suffers loses Tk 26.52cr again in FY2021-22
Shyampur Sugar Mills Limited, already knee-deep in losses for around 20 years, has again suffered losses in the FY2021-22 and in the Q1 of the current 2022-23 fiscal.
In FY22, the company’s loss amounted to Tk26 crore, which was Tk62.56 crore in FY21.
In the first quarter of FY23, its loss per share stood at Tk19.30, which was Tk21.62 in the same period of FY22.
Owing to losses, the firm failed to announce any dividends for its shareholders.
The government has terminated the firm’s operations indefinitely because of its recurring losses, high production costs, and net capital deficiency for operations.
According to its FY22 financial statements, the company’s turnover reduced significantly to Tk66 lakh, from Tk15.35 crore in FY21.
Shyampur Sugar Mills was listed on the bourses in 1996.
As on 30 September 2022, the government holds 51pc, institutional investors 1.34pc, and general shareholders hold 47.66pc shares in the company.
Its last trading price of each share was Tk98.20 on the previous day, Monday, 24 October at the Dhaka Stock Exchange.
Stocks
Bearish Market Drag 300 Companies as Indices Decline
Dhaka Stock Exchange DSE, Bourse on the last working day of the week, April 25th, ended with a massive drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
511 crore 43 lakh taka shares were traded on this day. 91 crore 31 lakh less tradings were done in DSE today compared to the previous workday, 23rd April , Shares worth Tk 602 crores 74 lakh shares were traded last time, Wednesday.
The benchmark DSEX lost 60.48 points or 5,518 The Shariah-based index DSES dropped 12.29 points or 1,217, and the blue-chip index DS30 decreased by 10.17 points or 1,974.
Of the issues traded, 69 advanced, 300 declined and 27 remained unchanged.
ADN Telecom Limited ranked top gainer on DSE, the share price increased by Tk 9.60 paisa or 8.66 percent. On this day, the share was last traded at Tk 120.50 paisa.
Bata Shoe Company Bangladesh Limited ranked top loser on the DSE, the share price dropped by Tk 36.9 paisa or 3.77 percent. On this day, the share was last traded at Tk 941.00 paisa.
DSE topped on trade is Orion Infusion Limited 31 crore 69 lakh takas of company shares have been traded.
A total of 35 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 26 lakh 36 thousand 734 shares of the companies were traded. The financial value of which is 16 crore 61 lakh taka
Stocks
Bangladesh National Insurance Declares 20% Dividends
One of the Listed companies, Bangladesh National Insurance Company Limited has recommended 20% Cash Dividend for the year ended December 31, 2023.
In terms of financial performance, The Company has also reported EPS of Tk. 4.04 for the year ended December 31, 2023. The Company has also reported NAV per share of Tk 26.28 paisa for the year ended December 31, 2023.
The Annual General Meeting (AGM) of the company will be held on June 25, through the digital platform. The record date for this has been fixed at May 27.
Stocks
Bata Announce Their Dividends
One of the Listed companies, Bata Shoe Limited has recommended 105% Final Cash Dividend (Total 435% Cash Dividend for the year ended December 31, 2023 inclusive of 330% Interim Cash Dividend, which has already been paid) for the year ended December 31, 2023
In terms of financial performance, The Company has also reported EPS of Tk. 29.31 for the year ended December 31, 2023. The Company has also reported NAV per share of Tk 237.93 paisa for the year ended December 31, 2023.
The Annual General Meeting (AGM) of the company will be held on July 16, through the digital platform. The record date for this has been fixed at May 16.
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