Grameenphone (GP) rose more than 1 per cent to Tk 235 per share on the Dhaka bourse on Thursday after it reported a 72 per cent year-on-year profit growth for the first quarter this year. The leading telecom operator secured a quarterly profit of Tk 13.4 billion in January-March this year, highest
Startup Bangladesh Limited, a government-backed venture capital (VC) firm, is set to make a strategic investment worth Tk 10 million in Pulse Tech, a local healthcare venture, to expand retail pharmaceutical operation in the country. To this effect, the Startup BD made the formal announcement at a
Bangladesh Export Import Company (BEXIMCO) has announced to commence subscription of 'Beximco 1st Unsecured Zero Coupon Bond' on Sunday (April 28), aiming to collect Tk 15 billion. The bond subscription will continue until May 15, according to a statement published on Thursday. A zero-coupon bond
Reckitt Benckiser (Bangladesh) reported a profit of Tk 151.7 million for January-March this year, almost the same as for the same quarter last year, despite a decline in sales revenue. The UK-based multinational company that sells health and hygiene-related products earned revenue of Tk 1.32 billi
IFIC Bank backtracked on its two-year plan to sell its stake in Nabil Bank of Nepal as policy changes in the South Asian country diminished the possibility of gaining the expected profit from the deal. Instead, it considers keeping its 7.77 per cent share in Nabil Bank, Nepal's number one
The Dhaka bourse on Thursday failed to break out of losing streak despite the regulatory move limiting stocks' daily allowable correction to 3 per cent from 10 per cent. In a market review, EBL Securities said the depressed market observed a further backlash as investors negatively reacted t
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
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 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
