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Dhaka Stock Exchange (DSE) – the country’s prime bourse –has logged an impressive profit of more than 314 per cent in the fiscal year ending June this year thanks to a surge in turnover.
It posted a profit of Tk 113.49 crore in fiscal 2020-21, a jump of 314.26 per cent or 4.14 times over the previous fiscal year, according to the DSE’s latest audit report.
The profit reversed strongly from fiscal 2019-20 when its profit sank to its lowest in 13 years due to the pandemic that had brought trading on the bourse to a screeching halt. In FY20, it made Tk 27 crore in profit.
The bourse’s board of directors recommended 4 per cent dividend for its shareholders in the FY21. The DSE’s annual general meeting is scheduled for December 28.
In FY21, its earnings per share rose to Tk 0.63 from Tk 0.15 during the period. The total number of shares is more than 180.38 crore.
The DSE turnover was Tk 2,59,477 crore, up from more than Tk 78,024 crore and the daily average turnover was over Tk 2,122 crore from Tk 381.61 crore during the period.
Usually, the DSE’s lion share of income comes from the bank interest, which made up 53 per cent of its total revenue in FY20.
But in the last fiscal year, its main revenue came from the share transaction fees as its revenue from the transaction fees stood at Tk 125 crore, making up 47 per cent of the total revenue.
The DSE’s second-highest income came from bank interest, which was Tk 60 crore, accounting for 22.678 per cent of the total revenue recorded in FY21.
Talking to the Business Post, a top official of the bourse, the profits of the bourse soared in the year due to a surge in turnover income from the stock market.
The market was bullish in FY21 that helped the bourse earn profits higher than the previous fiscal year when the market was bearish, he said.
The DSE also earned around Tk 30 crore from selling trading right entitlement certificates (TREC) to companies.
On May 19, the Bangladesh Securities and Exchange Commission (BSEC) approved 30 companies for the TREC of the DSE.
