700 listed cos have to pay Tk 500 per day as fine
Thursday, 2 August 2007
FE Report
Seven listed companies on the Dhaka Stock Exchange (DSE) have to pay a penalty of Tk 500 per day from today (Wednesday) for their failure to submit the half-yearly financial statements to the country's prime bourse.
The companies, which have failed to submit the half-yearly financial statement are Arbee Textile, Bionic Sea Food, Janata Insurance, Purabi General Insurance, Rabeya Flour Mills, Saleh Carpet and Wata Chemical.
A senior official of the DSE told the FE that the Oriental Bank Limited also failed to submit its half-yearly financial statement.
Since there is a problem of the Oriental Bank in shares and ownership, the DSE might not penalise the bank for failure to submit their half-yearly financial statement.
As per the enlistment of the companies on the DSE a total of 140 companies were scheduled to submit their respective half-yearly financial statements by July 31, out of which 132 companies complied.
The Earning Per Share (EPS) of 85 companies increased, 35 declined and 12 remained unchanged in the half-year operation of the 140 companies compared with the corresponding period of the last year.
"According to the rules, the companies, which operate in calendar year basis were scheduled to submit their half-yearly financial statement within July 31 every year. As they failed have to submit the report within this date, they have to count Tk 500 everyday," the DSE senior official said.
During this period of six months, Islami Bank made a net profit worth Tk 1.019 billion, National Life Insurance Tk 860.84 million, AB Bank Tk 766.85 million, Popular Life Insurance Tk 684.62 million, Prime Bank Tk 628.58 million, NBL Tk 580.47 million and UCBL at Tk 526.96 million.
Seven listed companies on the Dhaka Stock Exchange (DSE) have to pay a penalty of Tk 500 per day from today (Wednesday) for their failure to submit the half-yearly financial statements to the country's prime bourse.
The companies, which have failed to submit the half-yearly financial statement are Arbee Textile, Bionic Sea Food, Janata Insurance, Purabi General Insurance, Rabeya Flour Mills, Saleh Carpet and Wata Chemical.
A senior official of the DSE told the FE that the Oriental Bank Limited also failed to submit its half-yearly financial statement.
Since there is a problem of the Oriental Bank in shares and ownership, the DSE might not penalise the bank for failure to submit their half-yearly financial statement.
As per the enlistment of the companies on the DSE a total of 140 companies were scheduled to submit their respective half-yearly financial statements by July 31, out of which 132 companies complied.
The Earning Per Share (EPS) of 85 companies increased, 35 declined and 12 remained unchanged in the half-year operation of the 140 companies compared with the corresponding period of the last year.
"According to the rules, the companies, which operate in calendar year basis were scheduled to submit their half-yearly financial statement within July 31 every year. As they failed have to submit the report within this date, they have to count Tk 500 everyday," the DSE senior official said.
During this period of six months, Islami Bank made a net profit worth Tk 1.019 billion, National Life Insurance Tk 860.84 million, AB Bank Tk 766.85 million, Popular Life Insurance Tk 684.62 million, Prime Bank Tk 628.58 million, NBL Tk 580.47 million and UCBL at Tk 526.96 million.