Stock / Bangladesh

United Finance sees its 2022 profit plunge

United Finance sees its 2022 profit plunge

United Finance Ltd has reported a 36 per cent year-on-year drop in profit for 2022, due to increased operating expenses and higher provision against loans. The listed non-bank financial institution (NBFI) logged a net profit of Tk 142 million in 2022. Its earnings per share (EPS) dropped to Tk 0.


Salvo Chemical's net profit drops 26pc in H1

Salvo Chemical's net profit drops 26pc in H1

Salvo Chemical Industry, which produces sulphuric acid, sulphate, battery-grade water and glucose, has reported a 26 per cent year-on-year drop in net profit for the six months through December 2022 due mainly to costlier raw materials. The chemical producer logged a net profit of Tk 64.66 milli

Regulator to sue UFS MD, associates for money laundering

Regulator to sue UFS MD, associates for money laundering

The securities regulator has decided to file money laundering cases against the managing director of scam-hit Universal Financial Solutions (UFS) and his associates for embezzlement of Tk 2.35 billion from four open-end mutual funds. At a meeting on Thursday, the Bangladesh Securities and Exchange

Midland Bank prepares for debut trading on Monday

Midland Bank prepares for debut trading on Monday

Midland Bank braces itself to see investors' response in its debut trading on Monday on the Dhaka and Chittagong bourses after its initial public offering failed to draw much attention. It will be the 35th listed bank, having seen two other banks performing poorly on the exchanges last year afte

BSEC restructures board of Simtex Industries

BSEC restructures board of Simtex Industries

The securities regulator has restructured the board of directors of Simtex Industries, a sewing thread and yarn dyeing producer, by appointing new chairman and four independent directors. The Bangladesh Securities and Exchange Commission (BSEC) issued a directive in this regard on Thursday with im

Orion Infusion erodes 72pc on DSE since October

Orion Infusion erodes 72pc on DSE since October

Orion Infusion plummeted by Tk 705 or 72 per cent each share in the past five months from its peak reached in the end of October last year. It had taken almost equal time to multiply 12 times to Tk 973.9 back then. The company's share closed at Tk 268.80 on Wednesday. The rally was mainly driven

Banglalink plans to raise over Tk 8b thru IPO

Banglalink plans to raise over Tk 8b thru IPO

Banglalink Digital Communications Ltd, the third-largest mobile phone operator in Bangladesh, has planned to go public by offloading 10 per cent of its paid-up capital. Banglalink may raise more than Tk 8 billion through initial public offering (IPO) under the fixed-price method. The telecom oper