DBH Finance has reported nearly a 3 per cent year-on-year decline in profit to Tk 324 million for the third quarter (Q3) through September, mainly due to higher provisioning amid a spike in interest expenses on deposits and borrowings. The leading non-bank financial institution (NBFI), which focus
Crown Cement has reported a 33 per cent year-on-year drop in profit to Tk 0.67 billion for FY25, despite a rise in revenue. In a disclosure on Monday, the company attributed the decline in profit to higher marketing expenses, additional depreciation from a newly inaugurated plant, and increased fi
The week’s second trading session began with a mixed performance on the country’s two stock exchanges as the Dhaka market opened higher while the Chattogram bourse witnessed a decline. In the first hour of trading on Monday, the key index of the Dhaka Stock Exchange (DSE), DSEX, advanc
The Investment Corporation of Bangladesh (ICB) is hopeful of returning to profit if it gets immediate liquidity support to overcome its liabilities. The largest investment bank, which is highly dependent on the secondary market for revenue generation, has already shown signs of recovery, securing
Bangladesh Steel Re-Rolling Mills (BSRM) has secured a record profit in FY25 in a challenging business environment, driven by higher sales and lower input costs. It earned a consolidated profit of Tk 6.14 billion in the year, a 42 per cent year-on-year increase from the year before, according to a
Yields on treasury bills (T-bills) declined further on Sunday as banks continued to channel their surplus liquidity into government securities, amid sluggish private-sector credit growth in the run-up to the national elections. The cut-off yield, commonly known as the interest rate, on the 91-day
Bangladesh's startup scene is brimming with ideas but starved of patient capital, industry leaders and financial experts said on Sunday. They stressed that the country must now move beyond its dependence on high-interest bank loans and embrace venture capital to unlock the next wave of innovation
The key index of the Dhaka Stock Exchange (DSE) has fallen close to the 5,000-point level amid persistent losses, raising concerns among investors that the DSEX could slip below the threshold if the downturn continues. On Sunday, the first trading day of the week, indices at both the DSE and the C
Trading on the country’s two major stock exchanges began the week with losses on Sunday, as key indices and most share prices declined. At the Dhaka Stock Exchange (DSE), the benchmark index DSEX dropped by 12 points, while the Shariah-based DSES and the blue-chip DS30 indices each fell by 7
The securities regulator has proposed liquidating closed-end mutual funds or converting them into open-ended funds before maturity if their units trade at more than a 25 per cent discount to net asset value (NAV) on the bourses. The provision has been newly added to the draft amendment to the mutu
Index Agro Industries Ltd, a manufacturer of poultry, fish and cattle feed, has recommended a 12 per cent cash and 5 per cent stock dividend for FY25. The announcement came following a board meeting held on Thursday. The company reported a profit of Tk 261 million in FY25, up 0.80 per cent from T
LankaBangla Finance has announced no dividend for 2024 after posting a 37.25 per cent year-on-year decline in profit to Tk 274.8 million. The announcement came as a major disappointment for shareholders, who had expected stronger results in 2024 compared with the previous year. By the end of the
Trading in Treasury bonds in the secondary market has surged by 64 per cent year-on-year to Tk 537 million in the July-September quarter, against the backdrop of declining yields of the debt securities. Bond prices are inversely related to interest rates, so sellers now see an opportunity to mak
