Floor price shrinks CSE's FY23 profit by 11% | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
June 15, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, JUNE 15, 2025
Floor price shrinks CSE's FY23 profit by 11%

Stocks

TBS Report
26 September, 2023, 10:05 pm
Last modified: 27 September, 2023, 11:53 am

Related News

  • Stock market reopens today after 10-day Eid break
  • Impunity plagues capital market: Debapriya
  • BSEC holds meeting with new CSE board
  • Fundamentally weak Khan Brothers, Sonali Paper added to CSE50 index
  • Summit Power, Exim Bank among 10 firms removed from CSE30 index

Floor price shrinks CSE's FY23 profit by 11%

CSE declares a 5% cash dividend for FY23, regardless of the profit decline

TBS Report
26 September, 2023, 10:05 pm
Last modified: 27 September, 2023, 11:53 am

The net profit of port city bourse Chittagong Stock Exchange (CSE) dropped by 11% year-on-year in the fiscal 2022-23, owing to the floor price mechanism that was imposed to arrest a stock market freefall.

In FY23, the bourse's net profit stood at Tk34 crore and earnings per share at Tk0.54, which were Tk38 crore and 0.61 respectively in the previous fiscal.

According to CSE officials, the stock exchange's net profit declined mainly because of lower transactions caused by the floor price mechanism, and the reduction of listing fees.

Ghulam Faruque, acting managing director of CSE, told The Business Standard, "Decline in the regulatory approval of new companies' listing and low turnover have shrunk our profit as we lost significant income from those two segments."

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Meanwhile, despite the declining profit, CSE recommended a 5% cash dividend to its shareholders for FY23. The dividend will be distributed after the annual general meeting (AGM) on 23 November.

In July last year, the Bangladesh Securities and Exchange Commission (BSEC) imposed the floor price in order to prevent stocks from plummeting. Now, the share price of most of the companies are stuck at floor prices, which is why transactions in these stocks have decreased, affecting the income of the stock exchange. 

Also, the BSEC allowed only five companies to raise funds through initial public offering (IPO) in FY23. The number was 12 in the previous year.

The two major sources of regular income of stock exchanges are trading fees and listing fees. When a new company is listed in the stock market, the stock exchange authority receives a certain fee. Apart from this, the stock exchange gets a huge amount of interest against the fixed deposit.

Top News

Chittagong Stock Exchange (CSE) / Bangladesh Stock Market

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Non-performing loans surge by Tk74,570cr in Q1 as hidden rot exposed
    Non-performing loans surge by Tk74,570cr in Q1 as hidden rot exposed
  • Representational image of school children. File photo: Collected
    Govt issues urgent guidelines to educational institutes to curb Covid, dengue spread
  • US President Donald Trump attends a celebration of the Army's 250th birthday on the National Mall in Washington, DC, US, June, 14, 2025. Doug Mills/Pool via REUTERS/File Photo
    'Make Middle East great again': Trump says Iran and Israel will 'have peace soon'

MOST VIEWED

  • Vehicles were seen stuck on the Dhaka-Tangail-Jamuna Bridge highway due to a traffic jam stretching 15 kilometres on 14 June 2025. Photo: TBS
    15km traffic jam on Dhaka-Tangail-Jamuna Bridge highway as post-Eid rush continues
  • Tour operator Borsha Islam. Photo: Collected
    ‘Tour Expert’ admin Borsha Islam arrested over Bandarban tourist deaths
  • Infographic: TBS
    Chattogram Port proposes 70%-100% tariff hike
  • Fighter jet. Photo: AFP
    3 F-35 fighter jets downed, two Israeli pilots in custody, claims Iranian media
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Merger of 5 Islamic banks at final stage: BB governor
  • Infograph: TBS
    Why 10 economic zones, including BGMEA's garment park, were cancelled

Related News

  • Stock market reopens today after 10-day Eid break
  • Impunity plagues capital market: Debapriya
  • BSEC holds meeting with new CSE board
  • Fundamentally weak Khan Brothers, Sonali Paper added to CSE50 index
  • Summit Power, Exim Bank among 10 firms removed from CSE30 index

Features

Renowned authors Imdadul Haque Milon, Mohit Kamal, and poet–children’s writer Rashed Rouf seen at Current Book Centre, alongside the store's proprietor, Shahin. Photo: Collected

From ‘Screen and Culture’ to ‘Current Book House’: Chattogram’s oldest surviving bookstore

4h | Panorama
Photos: Collected

Kurtis that make a great office wear

2d | Mode
Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

4d | Panorama
Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

5d | Features

More Videos from TBS

Important facilities including Natanz damaged in Israeli attack

Important facilities including Natanz damaged in Israeli attack

9m | Others
Iran's gas production from South Pars halted after Israeli attack

Iran's gas production from South Pars halted after Israeli attack

59m | TBS World
Why the Strait of Hormuz is a key point of discussion in the Iran-Israel conflict

Why the Strait of Hormuz is a key point of discussion in the Iran-Israel conflict

34m | Others
New Weapons, Old Rivalry: Iran Fires Missiles at Israel

New Weapons, Old Rivalry: Iran Fires Missiles at Israel

2h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net