DSE’s Tk 32.33cr worker’s fund faces scrutiny amid losses

Date:

Post View:

DSE’s Tk 32.33cr worker’s fund faces scrutiny amid losses

Questions have emerged over the formation of the Dhaka Stock Exchange’s (DSE) Workers’ Profit Participation Fund (WPPF), as the exchange allocated Tk 32.33 crore to the fund over six years despite reporting operating losses.

In FY2024-25, DSE allocated Tk 3.42 crore to the fund while recording an operating loss of Tk 49.43 crore. Its operating income stood at Tk 101.03 crore against expenses of Tk 150.46 crore. However, it posted a net profit of Tk 31.19 crore, mainly supported by interest income from fixed deposits and government securities.

Finance experts and DSE stakeholders have questioned the legality and justification of forming the fund based on interest income rather than operating profits, arguing that the practice could undermine shareholders’ interests.

During FY2024-25, DSE earned Tk 94.11 crore in interest from fixed deposits and treasury securities. Its retained earnings stood at Tk 74.98 crore, while earnings per share were Tk 0.17. The exchange distributed a 1.70 per cent dividend to shareholders.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

First unit refuelled, second unit gets nuclear fuel at Rooppur

The first batch of nuclear fuel required for the...

Standard Islami Bank honours 25 employees

To recognize employees’ contributions to improving the quality of...

471st Board Meeting of Al-Arafah Islami Bank held

The 471st Board meeting of Al-Arafah Islami Bank PLC...

BB consolidates foreign exchange rules into single circular

Bangladesh Bank has consolidated its existing instructions on foreign...