ICB’s loss drops 68% in Jul-Sep | 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

Tuesday
June 10, 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
TUESDAY, JUNE 10, 2025
ICB’s loss drops 68% in Jul-Sep

Stocks

TBS Report
25 November, 2024, 10:05 pm
Last modified: 25 November, 2024, 10:13 pm

Related News

  • Dhaka's Eid waste cleanup mostly satisfactory with some hiccups
  • WB keeps Bangladesh's growth forecast unchanged to 3.3% for FY25
  • Mercantile Bank withholds dividend amid Tk1,700cr provision shortfall
  • BNP, allies firm on Dec polls date
  • Import duty on raw materials for e-bikes, lithium batteries reduced from 80% to 1% in some cases: Faiz Taiyeb

ICB’s loss drops 68% in Jul-Sep

The company said in its statement that loss decreased due to increase in capital gain from sale of securities and increase in dividend income

TBS Report
25 November, 2024, 10:05 pm
Last modified: 25 November, 2024, 10:13 pm
ICB’s loss drops 68% in Jul-Sep

Highlights

  • Incurs loss of Tk75.28cr
  • Loss per share of Tk0.87
  • NAV per share of Tk51.08
  • Shares closed at Tk70.20

The Investment Corporation of Bangladesh (ICB), a state-owned entity primarily responsible for stock investments, reported that its loss decreased by 68% in the July-September quarter of the current fiscal year.

The corporation's consolidated loss for the period stood at Tk75.28 crore, a significant improvement from Tk236.52 crore during the same period last year, according to its price-sensitive statement filed with the Dhaka Stock Exchange (DSE).

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

At the end of the September quarter, its consolidated loss per share was Tk0.87, which was Tk2.73 in the same quarter previous year.

The company said in its statement that loss decreased due to increase in capital gain from sale of securities and increase in dividend income.

Following the decrease of loss, its share price rose 2.63% to Tk70.20 yesterday at the Dhaka Stock Exchange (DSE).

During the first quarter of FY25, it reported the consolidated net asset value per share was Tk51.08, and the consolidated net operating cash flow per share of Tk1.80 negative.

Meanwhile, in the last fiscal year, ICB managed to turn a profit despite incurring significant losses during the first nine months.

During this period, the corporation faced a loss of Tk267 crore, largely due to lower capital gains. However, it managed to recover and reported a profit of Tk32.28 crore for the entire FY24.

Despite this recovery, ICB's consolidated profit for FY24 was 58% lower compared to the previous fiscal year, reflecting ongoing challenges.

The turnaround was primarily due to capital gains and dividend income, largely from multinational companies, and lower provisioning against loans, according to ICB officials. 

As the profit for FY24 was nearly half of what it achieved in the previous fiscal year, it recommended a lower dividend of 2% cash dividends for its shareholders.

To approve the dividend and audited report for FY24, the company will conduct the annual general meeting on 21 December. The record date is set on 5 December for dividend and annual general meeting.

Top News

Investment Corporation of Bangladesh (ICB) / loss / Bangladesh

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

  • WB keeps Bangladesh's growth forecast unchanged to 3.3% for FY25
    WB keeps Bangladesh's growth forecast unchanged to 3.3% for FY25
  • Faiz Ahmad Tayeb. Photo: BSS
    Import duty on raw materials for e-bikes, lithium batteries reduced from 80% to 1% in some cases: Faiz Taiyeb
  • Swedish activist Greta Thunberg, who departed Israel by plane on Tuesday after being detained aboard the Gaza-bound British-flagged yacht "Madleen" after Israeli forces boarded the charity vessel as it attempted to reach the Gaza Strip in defiance of an Israeli naval blockade, talks to journalists surrounded by French police as she arrives at a terminal at the Paris-Charles de Gaulle Airport, in Roissy-en-France near Paris, France, June 10, 2025. REUTERS/Gonzalo Fuentes
    Greta Thunberg says she was kidnapped by Israel in international waters

MOST VIEWED

  • On left, Abdullah Hil Rakib, former senior vice president (SVP) of BGMEA and additional managing director of Team Group; on right, Captain Md Saifuzzaman (Guddu), a Boeing 787 Dreamliner pilot for Biman Bangladesh Airlines. Photos: Collected
    Ex-BGMEA SVP Abdullah Hil Rakib, Biman 787 pilot Saifuzzaman drown in boating accident in Canada
  • File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar
    Dhaka: The city we never want to return to, but always do
  • Chief Adviser Muhammad Yunus leaves for a four-day visit to the United Kingdom from the Dhaka airport on 9 June 2025. Photo: CA Press Wing
    CA Yunus leaves for UK; discussion expected on renewable energy investment, laundered money
  • File Photo: Collected
    Enhanced surveillance at Ctg airport amid rising global Covid-19 cases
  • Inside the aid ship stormed by Israeli forces on 9 June 2025. Photo: BBC
    Israeli forces stormed aid boat carrying Greta Thunberg bound for Gaza: Freedom Flotilla Coalition
  • Photos: Collected
    Abdul Hamid wasn't arrested because he's not wanted right now: Home adviser

Related News

  • Dhaka's Eid waste cleanup mostly satisfactory with some hiccups
  • WB keeps Bangladesh's growth forecast unchanged to 3.3% for FY25
  • Mercantile Bank withholds dividend amid Tk1,700cr provision shortfall
  • BNP, allies firm on Dec polls date
  • Import duty on raw materials for e-bikes, lithium batteries reduced from 80% to 1% in some cases: Faiz Taiyeb

Features

Illustration: Duniya Jahan/ TBS

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

3h | Features
File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

1d | Features
Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

3d | Bangladesh
Illustration: TBS

Unbearable weight of the white coat: The mental health crisis in our medical colleges

6d | Panorama

More Videos from TBS

Greta Thunberg deported from Israel

Greta Thunberg deported from Israel

5h | TBS World
BNP is not a revolutionary party: Mirza Fakhrul

BNP is not a revolutionary party: Mirza Fakhrul

6h | TBS Today
News of The Day, 10 JUNE 2025

News of The Day, 10 JUNE 2025

3h | TBS News of the day
Trump sends 2,000 more National Guard and 700 Marines to Los Angeles

Trump sends 2,000 more National Guard and 700 Marines to Los Angeles

6h | 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