Marico earns record annual profit on hair oil sales growth

Despite the turmoil and uncertainties in the political landscape, Marico Bangladesh has reported a record profit and revenue for the year ended in March this year.The revenue of the India-based multinational company grew 12.3 per cent year-on-year to Tk 16.31 billion while profit jumped 28.2 per cent year-on-year to Tk...

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Bourses open today after Eid holidays

FE REPORTTrading on the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) resumes today (Sunday) after a 10-day Eid vacation.The market remained closed from June 5 to June 14 on the occasion of Eid-ul-Azha, the second largest religious festival of the Muslims.Trading on the bourses will begin at...

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Prime Bank earns 2nd highest against each taka invested among banks

Prime Bank shows the second highest return on equity (ROE) among well-performing banks in its latest annual report but the stock still trades at the lowest price-to-earnings (P/E) ratio among listed banks on the bourses. It posted an ROE of 6.27 per cent in 2019, meaning it generated a profit...

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Global airline, travel stocks slide as Israel strikes Iran

Global airline stocks tumbled on Friday as Israel's widescale strikes on Iran drove a more than 9 per cent surge in oil prices and prompted carriers to clear out the airspace over Israel, Iran, Iraq and Jordan, reports Reuters.Travel and leisure stocks also fell as Iran's retaliation raised fears of...

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