Stocks
Weekly Top Loser: Indo-Bangla Pharmaceuticals
Indo-Bangla Pharmaceuticals Limited has ranked at the top of weekly losers in the bourse, Dhaka Stock Exchange, DSE.
This information is known from the DSE sources.
In the previous working week, the share traded a total of Tk 26 crore 80 lakh 78 thousand, which is an average of 5 crore 36 lakh 15 thousand 600 taka per day. The share has dropped 16.67pc lowest in the last week.
2nd on the list is Desh General Insurance Company Limited, the share traded a total of Tk 32 crore 87 lakh 66 thousand, which is an average of 6 crore 57 lakh 53 thousand 200 per day. The share has dropped 14.58pc lowest in the last week.
3rd on the list is Hakkani Pulp & Paper Mill Limited, the share tarded a total of Tk 13 crore 59 lakh 12 thousand, which is an average of 2 crore 71 lakh 82 thousand 400 per day. The share has dropped 14.37pc lowest in the last week.
Among other companies in the list of top losers whose share has dropped lowest are – Eastern Cables Limited 13.97pc, Samorita Hospital Limited 13.33pc, ADN Telecom Limited 11.80pc, Aamra Technologies Limited 11.63pc, Lub-rref (Bangladesh) Limited 10.97pc, Information Services Network Limited 10.73pc & Doreen Power Generations & Systems Limited 10.69pc.
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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.
