Stocks
Weekly Top Gainer: Paper Processing
Paper Processing & Packaging Limited has ranked at the top of weekly gainers in the bourse, Dhaka Stock Exchange, DSE.
This information is known from the DSE sources.
In the previous working week, (November 27 – December 1) the share traded a total of Tk 21 crore 8 lakh 18 thousand, which is an average of 4 crore 21 lakh 63 thousand 600 taka per day. The share has risen 15.29pc to its highest price.
2nd on the list are Monno Agro & General Machinery Limited, the share traded a total of Tk 19 crore 70 lakh 76 thousand, which is an average of 3 crore 94 lakh 15 thousand 200 per day. The share has risen 14.76pc to its highest price.
3rd on the list are aamra networks Limited, the share traded a total of Tk 84 crore 38 lakh 28 thousand, which is an average of 16 crore 87 lakh 65 thousand 600 taka per day. The share has risen 14.44pc to its highest price
Among other companies in the list of top gainers whose share price rose to its highest price are – Bengal Windsor Thermoplastics at 13.31 percent, Gemini Sea Food at 11.08 percent, Beacon Pharmaceuticals at 10.61 percent, Fine Foods at 10.16 percent, Apex Foods at 9.94 percent, Unique Hotel & Resorts at 9.68 percent & Sonali Aansh industries Limited at 9.26 percent.
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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.
