Bangladesh Services, a listed ‘Z’ category company in the capital market, has posted losses in the last financial year ended 2022-2023 (July-June). The company has decided not to pay dividend for the shareholders in the financial year ended. On the other hand, the company is in loss for the first quarter (July-September) of the financial year 2023-2024. This information was revealed by the Dhaka Stock Exchange on Thursday (November 8).
It is known that in the financial year ended 2022-2023, the loss per share of Bangladesh Services was 8 taka 77 paisa. In the previous financial year 2021-2022, the loss per share of the company was 11 35 paise. During this period the loss has reduced by 2 taka 58 paisa. Cash flow per share (NOCFPS) for the fiscal year ended negative 1.75 paise. The NOCFPS for the previous financial year was negative 8 taka 6 paise.
On June 30, the company’s net asset value per share (NAVPS) stood at Tk 237 27 paise with revaluation. NAVPS stands at negative 45 taka 35 paise without revaluation. In the previous financial year NAVPS including revaluation was Tk 243 4 paise. And NAVPS without revaluation was negative 36 taka 58 paisa. The annual general meeting (AGM) of the company will begin at Hotel Intercontinental on December 19 at 6:30 pm to approve the declared no dividend by shareholders’ consent. The record date for this has been fixed on November 28.
On the same day, the company released the financial report for the first quarter (July-September) of the current financial year (2023-2024). The company reported a loss in the first quarter. The company posted a loss of Rs 2.3 paise per share in the first quarter. In the corresponding period of the previous financial year (2022-2023), the loss per share was 3.7 paise. The loss per share decreased by 1 taka 4 paise during this period. At that time NOCFPS was 7 paise. NOCFPS was 30 paise during the same period of the previous financial year. Last September 30, NAVPS of the company stood at 232 taka 57 paisa with revaluation. And NAVPS stands at negative 47 taka 5 paise without revaluation.
Note that Bangladesh Services was listed in the capital market in 1984. The authorized capital of the company is Tk 250 crores. Paid up capital is 97 crore 78 lakh 90 thousand taka. The number of shares is 9 crore 77 lakh 88 thousand 913. Revaluation reserve negative 3 thousand 189 crore 91 lakh taka. On Thursday, the price per share of the company was 5 taka 20 paisa.
