Stocks
Weekly Topped on Trade: Salvo Chemical
Salvo Chemical Industry Limited has ranked at the top of weekly trading in the bourse, Dhaka Stock Exchange, DSE.
This information is known from the DSE sources.
It is known that 2 crore 76 lakh 64 thousand 549 shares of the company were traded throughout the week. Its market value is 175 crore 46 lakh 33 thousand takas.
3 crore 16 lakh 54 thousand 621 shares of Intraco Refueling Station Limited which is in the 2nd place in the list, were traded. The market value of which is 141 crore 59 lakh 353 thousand takas.
78 lakh 8 thousand 467 shares of Monno Ceramic Industries Ltd, which is in the 3rd place on the list, were traded. Its market value is 98 crore 57 lakh 26 thousand takas.
Among other companies in the list of tradings are – Bashundhara Paper Mills 86 crore 79 lakh 70 thousand, Genex Infosys 76 crore 71 lakh 74 thousand, aamra networks 74 crore 96 lakh 79 thousand, Bangladesh Shipping Corporation 73 crore 92 lakh 40 thousand, Orion Pharma 72 crores 50 lakh 32 thousand, Monno Agro & General Machinery 57 crore 85 lakh & Eastern Housing Limited 49 crore 49 lakh 46 thousand.
/NR
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.
