Stocks
3 Firms Profit Sinks in last 9 months
The Board of Directors of 3 firms listed on bourses have published unaudited financial reports for the Q3 (July-September, 2022) and nine months (January-September, 2022) of the current financial year. According to the published data, the profit per share of the companies has dropped in nine months.
This information was announced on Tuesday, 25 October by Dhaka Stock Exchange sources.
The firms are – City Bank, Asia Insurance and Paramount Insurance
City Bank
The combined earnings per share (EPS) of the company in the 9 months of the current financial year stood at Tk 2.75. In the corresponding period of the last year, EPS was Tk 2.77, which results, in the profit of the firm is dropped by 0.02 taka or 1pc.
In the meantime, the combined earnings per share, EPS of the company in the Q3 of the current financial year was Tk 0.94. EPS was Tk 0.85 during the same period last year. As a result, the profit of the firm has hiked by 0.09 taka or 11pc. As on September 30, 2022, the company’s combined assets per share (NAVPS) stood at Tk 27.83.
Asia Insurance
The company’s earnings per share, EPS for the 9 months of the current financial year has been Tk 2.87. EPS in the same period last year was Tk 3.18 which results, in the profit of the company has dropped by 0.31 takas or 10pc. Meanwhile, the company’s earnings per share (EPS) for the Q3 of the current financial year has been Tk 1.45. In the same period the previous year, EPS was Tk 1.70 which results, the profit of the firm has dropped by 0.25 taka or 15pc. As on September 30, 2022, the company’s NAVPS stood at Tk 27.72.
Paramount Insurance
The company’s earnings per share (EPS) in the 9 months of the current financial year of the company has been 2 takas. EPS in the same period the previous year was Tk 3.08 which results, in the profit of the company has dropped by 1.08 takas or 35pc. In the meantime, the firm’s earnings per share (EPS) for the Q3 of the current financial year has been Tk 0.50. In the same period last year, EPS was Tk 0.49which results, in the profit of the company hiking by 0.01 takas or 2pc. As on September 30, 2022, the company’s (NAVPS) stood at Tk 26.02.
Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
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.
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