Midway Securities Ltd. | Online Stock Broker: Buy and sell shares in the Dhaka Stock Exchange (DSE) using our world class platform, all available online.
  • Home
  • Log In
  • Open BO Account
    • বিও অ্যাকাউন্ট খুলুন
    • Open a BO Account
    • Open Joint BO Account
    • Link Account (লিংক অ্যাকাউন্ট)
    • NRB (প্রবাসী) BO Account
  • DSE Mobile
    • DSE Mobile
    • i-Trade
  • Apply For IPO
  • Branches
  • Pricing
    • Pricing
    • প্রাইস
  • Deposit (টাকা জমা)
    • Deposit (টাকা জমা)
    • bKash, Nagad, Rocket
    • Credit Card (Deposit)
  • Withdraw (টাকা উত্তোলন)
  • Tax Certificate
  • FAQ
    • FAQ
    • বাংলা
  • About Us
    • About Us
    • Our Services
    • Careers
    • Survey
    • Form Download
    • Media
  • Foreign Investors
  • OTC Market
  • Mutual Funds Update
  • Contact Us
  • Latest Market News
  • Blog

​midway securities ltd.

​স্টক * বন্ড * ইকুইটি ইনভেস্টমেন্ট * আইপিও * বাজার গবেষণা * ক্যাপিটাল ম্যানেজমেন্
বিও অ্যাকাউন্ট খুলুন
09609 100 142

BD Finance posts 58% rise in quarterly profits

7/5/2021

0 Comments

 
Its consolidated profit after tax stood at Tk9.24 crore and earnings per share at Tk0.50
Picture
​Bangladesh Finance and Investment Company – a non-bank financial institution popularly known as BD Finance – posted a 57.67% increase in its net profit in the January-March quarter.

Its total operating income also rose by 39%.

According to company financial statements, the consolidated profit after tax stood at Tk9.24 crore and the earnings per share (EPS) at Tk0.50.
In the same quarter of the previous year, the consolidated profit was Tk5.86 crore and EPS Tk0.35.

In the January-March quarter, the total operating income rose to Tk21.51 crore, from Tk15.44 crore in the same period of the previous year.

In its balance sheet, BD Finance, which got listed on local stock exchanges in 2007, said the consolidated EPS increased because of a reduction in the cost of funds which led to a rise in net interest margins.

The company also realised capital gains from investments in shares and brokerage commission, compared to the same period of the previous year, the balance sheet added.

In fiscal year 2019-2020, the company reported a 65% growth in its net profit after tax, to Tk31.45 crore from Tk19.06 crore, in the previous year.
It recommended a 12% dividend – 6% cash and 6% stock – for  shareholders.

"Bangladesh Finance signed a memorandum of understanding (MoU) with Sovereign Infrastructure Group (SIG) on April 08 that will serve as a long-term collaboration framework intended to enable SIG to mobilise US capital market investors into Bangladesh infrastructure projects through BD Finance," BD Finance said in its financial statements.

"SIG on a best efforts basis will seek to structure and finance up to $2 billion of BD Finance's project pipeline over the next two years in Bangladesh."

"SIG will also acquire at least 4% of ordinary shares in BD Finance during the term of the memorandum and SIG shall be guaranteed a position on the board of directors of BD Finance. As of reporting date, there is no financial impact of the MoU," it added.

Bd Finance started in 1999 with the prime objective of delivering financial services.

It has two subsidiaries – BD Finance Securities Limited (BD Securities) and BD Finance Capital Holdings Limited (BD Capital).

BD Finance holds 56.34% shares in its first subsidiary BD Securities, and 99.972% shares in BD Capital.

As of March 2021, sponsors and directors hold 30.87%, institutional investors 14.36%, and general investors hold 54.77% shares of the non-banking financial institution.

Source: ​tbsnews

0 Comments



Leave a Reply.

    Midway News Team

    We publish the latest stock market news to help you decide on your investment decisions. 
    We curate news from different sources.  

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017

    Categories

    All

    RSS Feed

  • ​বিও অ্যাকাউন্ট খুলুন
  • Open BO Account
  • ​Link (লিংক) Account
  • IPO
  • DSE Mobile​​
  • Pricing / প্রাইস
  • Withdraw (টাকা উত্তোলন)​
  • Deposit (টাকা জমা)​
  • Branches
  • FAQ
  • ​Contact Us​
  • Our Services
  • ​About Us
  • Blog
  • Market News
Dhaka Stock Exchange Building (Room No: 508)
9/F, Motijheel C/A, Dhaka 1000
Hotline: 09609 100 142
​info@midwaybd.com
Copyright Midway Securities Ltd. © 2021
Dhaka Stock Exchange Ltd.
  • Home
  • Log In
  • Open BO Account
    • বিও অ্যাকাউন্ট খুলুন
    • Open a BO Account
    • Open Joint BO Account
    • Link Account (লিংক অ্যাকাউন্ট)
    • NRB (প্রবাসী) BO Account
  • DSE Mobile
    • DSE Mobile
    • i-Trade
  • Apply For IPO
  • Branches
  • Pricing
    • Pricing
    • প্রাইস
  • Deposit (টাকা জমা)
    • Deposit (টাকা জমা)
    • bKash, Nagad, Rocket
    • Credit Card (Deposit)
  • Withdraw (টাকা উত্তোলন)
  • Tax Certificate
  • FAQ
    • FAQ
    • বাংলা
  • About Us
    • About Us
    • Our Services
    • Careers
    • Survey
    • Form Download
    • Media
  • Foreign Investors
  • OTC Market
  • Mutual Funds Update
  • Contact Us
  • Latest Market News
  • Blog