Ifad Autos’ profit plunges

Ifad Autos said its profit slumped 41 per cent year-on-year to Tk 24.6 crore in the July-December period of the current fiscal year owing to its increased operational cost.
1 February 2022, 18:00 PM

Square Textiles’ profit surges six times

Square Textiles Ltd, a concern of Square Group, yesterday said its profit rocketed in the first six months of the financial year as revenue growth outpaced the cost of sales.
1 February 2022, 18:00 PM

LafargeHolcim profit soars 64pc

Profits of LafargeHolcim Bangladesh rose 64 per cent to Tk 388 crore in 2021 due to higher incomes from its new products.
31 January 2022, 18:00 PM

Mahbubur PDB’s new chairman

Md Mahbubur Rahman became the chairman of the Bangladesh Power Development Board (PDB) yesterday.
31 January 2022, 18:00 PM

Olympic earnings fall to 6-year low

Olympic Industries, a leading biscuit maker, said its earnings slumped to the lowest in six-year suffering an increase in the cost of raw materials.
31 January 2022, 18:00 PM

Brac Bank, UCB Asset sign custodial services deal

Brac Bank recently signed an agreement with UCB Asset Management to provide custodial services to the United Commercial Bank (UCB) subsidiary for running a new open-ended mutual fund, “UCB Taqwa Growth Fund”.
31 January 2022, 18:00 PM

Beximco Pharma profits jump on vaccine income

Beximco Pharmaceuticals’ profit jumped by a whopping 41 per cent year-on-year during the first half of the financial year 2021-22 thanks to higher incomes in the form of coronavirus vaccine distribution fees.
30 January 2022, 18:00 PM

bKash honours top 10 agents

bKash awarded motorcycles to its top 10 agents in recognition of catering outstanding bKash services to the customers.
30 January 2022, 18:00 PM

bti bringing housing solutions for ultra-rich

In order to cater to the growing demand for luxury apartments in Bangladesh, building technology and ideas (bti) ltd is developing spacious housing solutions with high-end features in Dhaka’s Gulshan.
30 January 2022, 18:00 PM

Jamuna wins Best CSR Bank award

Jamuna Bank Ltd won the “Best CSR Bank 2021” at the Global Economics Awards 2021.
29 January 2022, 18:00 PM

Renata profit rises 14pc

Renata logged 14 per cent higher profits year-on-year in the first six months of the current financial year of 2021-22 in spite of a rise in the price of raw material.
29 January 2022, 18:00 PM

IMF warns China’s property stress poses spillover risk

A funding crisis battering China’s big property developers could start to shake the wider economy and global markets, the IMF warned on Friday, saying deeper reforms were needed to fully curb the threat.
29 January 2022, 18:00 PM

eCourier, Aramex join hands to launch cross-border delivery

eCourier Ltd, a subsidiary of Dotlines Group, and Aramex Dhaka Ltd, the local entity of the multinational logistics, courier and package delivery company, have entered into a commercial agreement to utilise their combined strengths to unlock Bangladesh’s international delivery potential.
29 January 2022, 18:00 PM

GPH Ispat’s earnings surge

Listed steel maker GPH Ispat’s profit soared in the first half of the current financial year.
29 January 2022, 18:00 PM

Beximco sees profits soar

Beximco Ltd logged almost four times higher profit in the first half of the ongoing financial year (FY) while the company’s revenue more than doubled at the same time.
27 January 2022, 18:00 PM

Lankan Alliance raises fund for Power Generations

Lankan Alliance Finance Ltd (LAFL) signed an agreement with Manikganj Power Generations Ltd (MPGL), a 162 MW power plant and entity of Doreen Group, over raising Tk 600 million through the  issuance of fully redeemable, non-convertible, cumulative preference shares.
27 January 2022, 18:00 PM

Brac Bank wins ICMAB Award for 5th straight year

Brac Bank Ltd won the Gold Award of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) at the “ICMAB Best Corporate Award 2020”.   
27 January 2022, 18:00 PM

GP’s profit down despite higher revenue

Grameenphone’s net profit dropped 8.2 per cent year-on-year to Tk 3,413 crore in 2021 despite an uptick in overall revenue, owing to higher finance costs and tax expenses.
27 January 2022, 18:00 PM

Apex sees higher profits despite lower sales

Profits of Apex Footwear rose in the first half of the current financial year (FY) compared to the same period in FY 2020-21 despite a drop in net sales.
27 January 2022, 18:00 PM

Aavishkaar, KfW to launch $250m ESG fund

Aavishkaar Capital and German development bank KfW are set to launch the $250 million Environmental, Social and Governance First Fund to help emerging mid-capital-based businesses scale in Africa and Asia.
26 January 2022, 18:00 PM