News Briefs(12-11-2018)

Better performance by fuel & power issues

Many listed companies of fuel & power sector have performed better in the period ended on June 30, 2018 compared to previous year. Of 19 companies of fuel & power sector, 14 have so far published audited financial statements for the year ended on June 30, 2018. Of the companies, nine have witnessed rise in earnings per share (EPS), while the EPS of remaining five companies declined. Except GBB Power, the companies have recommended dividend between 2.0 per cent and 140 per cent. Of the companies, MJL Bangladesh has recommended 45 per cent cash and 5.0 per cent dividend, United Power Generation and Distribution Company 90 per cent cash and 20 per cent stock and Meghna Petroleum 140 per cent cash dividend. The consolidated earnings per share (EPS) of Baraka Power declined 23.58 per cent to close at Tk 1.75 for the year ended on June 30, 2018 compared to same period of the previous year. — FE Report

IBBL Noakhali Zone arranges biz dev confce

Noakhali Zone of Islami Bank Bangladesh Limited organized a Business Development Conference on Saturday at Nice Guest House, Noakhali. Md. Mahbub ul Alam, Managing Director & CEO of the Bank addressed the programme as chief guest. Mohammed Monirul Moula, Additional Managing Director of the Bank addressed as special guest. Abu Reza Md. Yeahia and Muhammad Qaisar Ali, Deputy Managing Directors addressed the function among others. Mohammad Rokan Uddin, Executive Vice President & Head of Noakhali Zone presided over the function. Head of 20 branches of Noakhali Zone along with other officials attended the function.

— Statement