Three financial sector companies listed on the stock market cheated investors in the financial year 2023 ended on December 31. The company announced three ‘no dividends’ in the financial year under discussion, further hurting the affected investors.

The three companies are Union Capital, Bay Leasing and Investment Limited, and Islamic Finance and Investment Limited.

Union Capital

In the financial year ended 2023, the consolidated loss per share of Union Capital was 35 taka 17 poisa. In the previous financial year which was 11 taka 95 poisa. At the end of December 31, the consolidated net liability per share of the company stood at 51 taka 3 poisa. The company has called the annual general meeting (AGM) on September 10. The record date for this has been fixed on July 28.

Bay Leasing

In the financial year ended 2023, the consolidated loss per share of Bay Leasing and Investment Limited was 5 taka 88 poisa. In the previous financial year which was 5 taka 88 poisa. Bay Leasing’s consolidated net asset value per share (NAVPS) stood at 6 taka 1 poisa at the end of December 31. The company has convened the annual general meeting on August 28 at 11:30 am. The record date for this has been fixed on July 22.

Islamic Finance

In the last fiscal year ended in 2023, the loss per share of the company was 1 taka 64 poisa. The company’s EPS in the previous financial year was 30 poisa . At the end of December 31, the company’s net asset value per share stood at 12 taka 42 poisa. The company has called the AGM on August 22 at 11 am. The record date for this has been fixed on July 28.