PGCB
declares 20pc dividend
Business Desk
Power Grid Company of Bangladesh has recommended a 20% cash dividend for the year ended on June 30, 2021.
In a filing with Dhaka Stock Exchange on Tuesday, the company reported earnings per share (EPS) of Tk4.74 and net asset value (NAV) per share of Tk120.67 for the year ended on June 30, 2021, as against Tk3.43 (restated) and Tk99.76 (restated) respectively for the same period of the previous year.
The annual general meeting (AGM) of the company is scheduled to take place online on January 29, 2022.
During Tuesday’s trade, its closing price was Tk57.3.
TECNO unveils SPARK 8 Pro
Business Desk
Smartphone brand TECNO Mobile has launched its brand-new SPARK 8 Pro aimed at the younger market segment.
Designed with young consumers’ diverse social needs in mind, TECNO SPARK 8 Pro offers a comprehensive set of features that not only support an immersive viewing experience and power boost gaming performance but act as a fashion statement piece, the company said in a statement.
The new TECNO Spark 8 Pro boasts a host of state-of-the-art features that include a 48MP Ultra Clear AI Triple Camera with exciting features like Super Night Mode 2.0, Multi-Frame 10 x zoom, AR Shots and many more.
BSRM’s profit tripled in Jul-Sept
Business Desk
BSRM Limited and BSRM Steels – two listed companies belonging to the country’s steel market champion BSRM – continued their stellar growth in the first quarter of this fiscal year both in revenue and profit.
The Chattogram-based steel manufacturers posted the highest ever sales and profits in the last fiscal year ending on 30 June 2021.
With the economic recovery since the first wave of the pandemic last year, the demand for construction rods and other MS products is growing steadily as both megaprojects and private constructions are running in full swing.
Meanwhile, BSRM companies with their market edge are outgrowing the industry.
According to the latest financial statements, in the July-September quarter of fiscal 2020-2021, BSRM Limited’s year-on-year sales grew 59% to Tk1,538 crore.
