Dhaka, Bangladesh (BBN)- MJL Bangladesh emerged as the turnover leader last week on the Dhaka Stock Exchange (DSE) that ended on Thursday.
According to statistics from the DSE, some 7.68 million MJL shares were traded, generating a turnover of nearly BDT 817 million, which was 3.68 percent of the week’s total turnover premier bourse.
The daily average turnover for the joint venture company was BDT 163.33 million.
The company’s share closed at BDT 107.40 on Thursday, the last trading session of the week, registering an increase of 4.17 percent over the previous week.
The fuel and power sector company, which was listed on the Dhaka bourse in 2011, has recommended 30 percent cash and 10 percent stock dividend for the year ended on December 31, 2015.
The company has also reported consolidated earnings per share (EPS) BDT 4.18, consolidated net asset value (NAV) per share BDT 35.08 and consolidated net operating cash flow per share (NOCFPS) BDT 8.93 for the year ended on December 31, 2015 as against BDT 3.83, BDT 31.26 and BDT 1.48 for the year previous year.
The company also disclosed first quarter (Q1) earnings report. As per Q1 financial report (un-audited), EPS was BDT 1.51 for January-March, 2016 as against BDT 0.71 for January-March, 2015.
MJL BD has informed that it will follow the uniform income year from July to June with effect from July 01, 2016 in compliance with the provision of the Finance Act. 2015. So, the AGM will consider 18 months audited accounts from January 01, 2015 to June 30, 2016 and be held within the calendar year after closing of the accounts as on June 30, 2016.
The sponsor-directors own a 71.53 percent stake in the MJL BD, while institutional investors 14.18 percent, foreign investors 1.70 percent and the general public 12.59 percent as of June 30, 2016.
The company’s paid-up capital is BDT 2,742.44 million and authorised capital is BDT 10,000 million, while the total number of securities is 274,244,180. The company’s total market cap stood at BDT 29,069.88 million as on Thursday.
MJL BD was, closely followed by the state-owned Titas Gas BDT 769 million, Islami Bank BDT 608 million, Square Pharmaceuticals BDT 568 million, ACME Laboratories BDT 470 million and Bangladesh Steel Re-rolling Mills BDT 454 million.
Brac Bank was also included in the top ten turnover chart with shares worth BDT 453 million changing hands, followed by Lafarge Surma Cement BDT 449 million and National Tubes BDT 425 million.
BBN/SSR/BB