Stocks
IBBL topped on profit in the outgoing year
At the end of the outgoing year, Islami Bank Bangladesh Limited (IBBL) has made a profit of Tk 2 thousand 646 crores. The previous year the bank made a profit of Tk 2,430 crore. Operating profit increased by Tk 216 crore during the year.
In 2022, the operating profit of the state-owned Sonali Bank was 2 thousand 500 crore taka. Compared to the previous year (2021), the company’s operating profit has increased by Tk 410 crore.
Southeast Bank also achieved an operating profit of over a thousand crore takas in 2022. In one year the operating profit of the bank was Tk 1 thousand 135 crores.
The operating profit of Mercantile Bank has been Tk 845 crores in the recent year. The previous year’s amount was Tk 722 crores.
NRBC Bank’s profit was Tk 455 crore. In 2021, the bank’s operating profit was Tk 444 crore.
In the meantime, at the end of the year, the operating profit of the private sector Social Islami Bank was Tk 550 crore. The previous year was Tk 501 crore.
State-owned Rupali Bank made a profit of Tk 211 crore. A year ago this profit amount was Tk 147 crores.
However, the profit of Jamuna Bank has been Tk 830 crore. The previous year’s profit was Tk 750 crore. Union Bank made a profit of Tk 450 crore. Last year the profit of the bank was Tk 375 crore.
The profit of Al-Arafah Islami Bank was Tk 810 crore. In 2021, the amount was 750 crores. At the end of the year, Mercantile Bank made a profit of Tk 845 crore. Last year the bank made a profit of Tk 722 crore. Besides, the profit of Southeast Bank was Tk 1 thousand 135 crores. The amount of which last year was Tk 1 thousand 16 crores.
Citizen Bank has earned an operating profit of Tk 2.54 lakh in the first year of operation (2022).
The operating profit of South Bengal Agriculture Bank has decreased in the recent year. The bank earned an operating profit of Tk 200 crore in 2022. The previous year’s profit amount was Tk 210 crores, which is the operating profit of a bank after deducting the expenses from the income. Operating profit is not the actual profit of a bank. From this profit, provision is made against defaulted loans and other assets and taxes are paid to the government. Profit after provisioning and tax is the actual or net profit of a bank.
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.
