Stocks
Orion Infusion topped of falling prices
Orion Infusion Ltd ranked among the top ten losers on Dhaka Stock Exchange DSE today, November 14, the share price dropped by 120 taka 70 paisa or 12.58pc. On this day, the share was last traded at Tk 838.50 paisa.
This information is known from DSE sources.
According to the DSE sources, the company traded 88 thousand 661 shares in 1 thousand 489 times whose market value is 1 thousand 952 crore 90 lakh taka.
2nd on the list is Orion Pharmaceuticals Ltd. Today the price of the company drops by 13 taka 90 paisa or 11.89pc. The shares were last traded at 103 taka. According to the DSE data, the company traded 68 lakh 28 thousand 66 shares in 7 thousand 911 times, whose market value is 2 thousand 735 crore 46 lakh.
And the 3rd on the list is Sinobangla Industries Ltd. Today the company has dropped by Tk 8.20 paisa or 10pc. The share was last traded at Tk 73.80 paisa. According to the DSE data, the company traded 11 lakh 84 thousand 748 shares in 2 thousand 765 times whose market value is 163 crore 97 lakh.
Other companies on the loser list are Navana Pharmaceuticals Limited, JMI Hospital Requisite Manufacturing Limited, Bashundhara Paper Mills Limited, BDCOM Online Limited, Genex Infosys Limited, Information Services Network Limited & Gemini Sea Food Ltd.
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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.
