Stock / Bangladesh

Intech's stock jumps despite incurring losses

Intech's stock jumps despite incurring losses

IT Company Intech Ltd has reported Tk 16.91 million losses in nine months till March 2022 as against a profit of Tk 5.95 million in the same period of the year before as per the special audit report. The company published financial statements of three-quarters on Thursday - July-September 2021,


Trust Islami Life's IPO subscription to open Monday

Trust Islami Life's IPO subscription to open Monday

The initial public offering (IPO) subscription of Trust Islami Life Insurance will begin Monday (April 3), aiming to raise Tk 160 million from the stock market under the fixed price method. The life insurer's IPO subscription through the electronic subscription system of the stock exchanges will c

Stocks extend losing streak for three consecutive weeks

Stocks extend losing streak for three consecutive weeks

Stocks extended the losing streak for three straight weeks to Thursday as both institutional and individual investors preferred liquidating some of their stakes for cash at the end of the March quarter. The DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down 8.51 points or 0.14 per

Pioneer Insurance's profit dips 12pc after five years

Pioneer Insurance's profit dips 12pc after five years

Pioneer Insurance Company strayed from its five-year profit growth in 2022 for the re-introduction of agency commission. Agency commission is a discount on premium paid by clients of non-life insurers. Pioneer's profit declined 12.09 per cent year-on-year to Tk 515.6 million for 2022. Company of

Kabir ship-breaking yard gets green certification

Kabir ship-breaking yard gets green certification

CHATTOGRAM: Kabir Ship Recycling Facilities, a ship-breaking yard of Kabir Group, situated at Sitalpur in Chattogram's Sitakunda upazila, has received the certificate of 'Green Yard'. Earlier, ship-breaking yards of PHP and SN Corporation received the certificate. A 'Green Yard' refers to a yard

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