Higher selling prices and lower input costs helped Heidelberg Cement secure a moderate year-on-year growth in profit in the January-March quarter this year despite a sharp decline in sales revenue. The Germany-based cement maker's earnings grew 1.6 per cent to Tk 393 million in the quarter through
The main index of the Dhaka Stock Exchange has gone back to three-year-old levels on the first day after the minimum threshold for share price declines was lowered to prevent the index from falling. On the last business day of the week on Thursday, the DSEX dropped 60 points or 1 per cent to 5,518
Bata Shoe Company’s net profit fell 2 per cent year-on-year in 2023 and the board declared 105 per cent final cash dividend, taking the total cash dividend of 435 per cent for 2023. The multinational footwear maker earlier paid a 330 per cent interim cash dividend for 2023. Thus, earnings p
Stocks tumbled at opening on Thursday despite the securities regulator reducing the lower limit circuit breaker to 3 per cent instead of 10 per cent in a single-day. The stock market regulator on Wednesday narrowed the scope for individual stocks to fall in a trading day in an effort to halt panic
Having posting an impressive annual profit growth in 2023, Singer Bangladesh suffered a loss of Tk 21 million in January-March this year, thanks to higher finance expenses amid the rising interest rate. The electronic and home appliance manufacturer gained Tk 112 million in the same quarter a year
The securities regulator has reduced the single-day permissible price decline of stocks to 3 per cent from 10 per cent for all securities except for six that still have floor price imposed on them. The stock market has been battered since the withdrawal of the price restriction from most sto
The Board of Directors of Islami Bank Bangladesh PLC has recommended a 10 per cent cash dividend for the shareholders for the year 2023, subject to approval of the 41st Annual General Meeting of the Bank. The decision was taken in a meeting of the board of directors on Wednesday with its Chairman
Stocks witnessed a positive trend in the early hours of trading on Wednesday amid cautious trading as bargain hunters went on buying selective blue chip stocks. After hitting a fresh three-year low on the previous day, the market opened higher, and after the first two hours of trading, the key ind
EXIM Bank could not reap benefits from the increase in interest rates for having to keep higher provision against investments, which cut profit by more than 9 per cent year-on-year in 2023. The profit of the Export Import Bank stood at 3.37 billion for 2023. "This year, our profit decreased becau
Stocks witnessed volatility in early hours of trading on Tuesday as the regulatory intervention virtually failed to restore investors’ confidence to the market. The Bangladesh Securities and Exchange Commission on Monday at a meeting urged the market intermediaries to ensure their active par
Robi Axiata posted an impressive 154 per cent year-on-year growth in profit to Tk 1.06 billion for January-March of FY24, supported by a robust revenue growth and a significant decrease in forex loss. The second largest telecom operator registered more than 7 per cent revenue growth year-on-year t
Stakeholders are pressing the securities regulator to act to strengthen the fundamentals of the capital market, saying it would not gain stability otherwise. At a Monday meeting, they lamented that while the country achieved a growth in wealth in other sectors over the years the equity market sa
Stocks rebounded on Monday, snapping a five-day losing streak, as sale pressure reduced to some extent following the securities market meeting news with market stakeholders. The Bangladesh Securities and Exchange Commission (BSEC) called a meeting today (Monday) at 3pm with the market stakeholders
