GSP Finance Company (Bangladesh) Ltd, a publicly listed non-financial institution financial institution (NBFI), incurred a whopping Tk152.87 crore loss in 2023 attributable to the excessive provision requirement in opposition to wicked loans.
In line with the value soft observation of the firm, its board of administrators has made up our minds no longer to listing any dividends for shareholders for the closing year.
In 2022 too, it did no longer pay any dividend to its shareholders for incurring loss.
The annual favorite assembly (AGM) would perhaps be held on 29 December. The file date, to resolve shareholders entitled to the assembly, has been role as 12 December.
Following the no dividend declaration, its share dropped 3.17% to end at Tk6 on Sunday at the Dhaka Stock Alternate.
On 25 September, the firm’s shares were downgraded to the Z category from the A category attributable to its failure to pay dividend to shareholders.
In line with its financial observation, its consolidated loss per share in 2023 change into Tk9.73, which change into eight cases elevated from the old year.
The consolidated salvage asset fee per share of the firm also dropped by 35% to Tk18.05 when compared to the old year at the identical time.
As of 31 October 2024, sponsors and administrators collectively held 24.44%, establishments 29.05%, and public investors 46.51% shares in the firm.
