Finance News: Latest Financial News, Finance News today in Bangladesh

Here is time Marico is set to distribute income to foreign owners

Marico Bangladesh has declared a record 1,000 per cent interim cash dividend for the three months to June this year. This dividend payout will be the highest even when compared to yearly dividends paid by the multinational company since its 2009 listing in the stock market."This high dividend puts Marico's...

Bata's profit plunges 38pc in Q2

Bata Shoe has declared a 38 per cent year-on-year decline in profit for the second quarter through June on a 19 per cent plunge in sales in the quarter, compared to the same period a year ago. An FE analysis of business performance of the multinational company points to a...

Unilever Consumer Care’s profit grows 15pc on reduced cost

Despite a decline in revenue, Unilever Consumer Care registered a 15 per cent year-on-year growth in profit to Tk 189.49 million in April-June (Q2) this year, backed by operating efficiency and an increase in net finance income.The one-off waiver of technology and trademark royalty granted by the parent company also...

Higher costs cut Reckitt Benckiser's profit marginally

Reckitt Benckiser's profit fell 3.4 per cent year-on-year to Tk 142 million in the second quarter through June this year owing to higher operating expenses.Its earnings per share stood at Tk 30.12 in the quarter, slightly down from Tk 31.11 in the same quarter the year before, according to un-audited...

BRAC Bank's profit up 77pc in H1

BRAC Bank's net profit after tax (NPAT) soared 77 per cent year-over-year to Tk 591 crore in the first six months of 2024, according to a press release saying the performance was driven by robust deposit and revenue growth.On a standalone basis, the bank's customer deposits surged 34 per cent...

MTB named 'Best Digital Bank in Bangladesh'

Mutual Trust Bank PLC (MTB) has been named the 'Best Digital Bank in Bangladesh' for 2024 by Euromoney, according to a press release. "We are honoured by this recognition from Euromoney," said Syed Mahbubur Rahman, managing director and chief executive officer (CEO) of MTB.The award reflects MTB's commitment to innovation...

Prime Bank's profit jumps 49pc in January-June

Prime Bank PLC reported a 49 per cent increase in net profit after tax (NPAT) for the first half of 2024, according to the bank's unaudited financial statements approved by the board on Tuesday.Standalone NPAT reached Tk 329 crore, up from Tk 221 crore in the same period of 2023....

Foreign banks' purchases of Indian bonds hit record high in 2024

MUMBAI, July 31 (Reuters): Foreign banks have bought more than $16 billion worth of Indian bonds so far this year, taking only seven months to top the record purchases over the whole of last year, official data showed.The pick-up in activity came in the run-up to the inclusion of India's...

Major Gulf markets ease amid tensions after killing of Hamas leader

Major stock markets in the Gulf eased in early trade on Wednesday, as the killing of Hamas leader Ismail Haniyeh in Iran fuelled tensions in the region, reports Reuters.Haniyeh was assassinated in the early hours of the morning in Iran, the Palestinian militant group said on Wednesday, drawing fears of...