Its share price closed 0.85% down at Tk35 today at the Dhaka Stock Exchange.
Investment Corporation of Bangladesh (ICB), a state-run investment and financing institution, posted a wider net loss for the first quarter of the 2026-27 fiscal year, weighed down by surging interest expenses.
According to the un-audited financial statements approved during the corporation’s board meeting held today (11 November), ICB reported a consolidated net loss of Tk181.51 crore for the July-September period, compared to a net loss of Tk153.22 crore in the corresponding period of the previous fiscal year. On a standalone basis, the net loss widened to Tk188.97 crore from Tk156.42 crore a year earlier.
Consequently, the consolidated earnings per share (EPS) stood at a negative Tk2.09 for the first quarter of FY27, compared to a negative Tk1.77 in Q1 FY26, while standalone EPS dropped to a negative Tk2.18 from a negative Tk1.80.
Management noted that the deepened net loss and negative EPS stemmed primarily from a significant increase in interest expenses during the quarter compared to the same period last year.
Despite the bottom-line pressure, operational cash flows showed improvement. The consolidated net operating cash flow per share (NOCFPS) improved to a negative Tk0.55 for July-September 2026 from a negative Tk2.27 in the corresponding period of the previous year, while standalone NOCFPS rose to a negative Tk0.53 from a negative Tk2.62.
The corporation explained that the improvement in NOCFPS was driven by higher capital gains from securities sales, increased dividend income, and growth in other operational receipts.
Meanwhile, the balance sheet reflected lower asset valuations. Consolidated net asset value (NAV) per share stood at Tk28.17 as of 30 September 2026, down from Tk30.26 as of 30 June 2026, while standalone NAV per share decreased to Tk18.02 from Tk20.20 over the same period.
The corporation declared no dividend for FY26 amid persistent losses, extending its payout hiatus to two consecutive years and leading to a ‘Z’ category downgrade for the first time since listing.
It also faced higher provisioning requirements against bad investments, particularly funds trapped in fixed deposit receipts (FDRs).
As per sources at the ICB said, the state-owned firm owns around Tk1,000 investment in some non-bank financial institutions, but despite having maturity, the institutions failed to repay the investment to the ICB. That is why the ICB had to keep a substantial amount of provision against the bad investment.
Its share price closed 0.85% down at Tk35 today at the Dhaka Stock Exchange.
Source: The Business Standard
Read More at: csslbd.net
stock exchange dhaka
dhaka stock exchange live
dsebd news
dhaka stock exchange today
dhaka stock exchange market price
dhaka stock exchange index
dhaka stock exchange latest share price
dhaka stock exchange share price
dhaka stock exchange indices
bd share newspaper
bd share news
dhaka stock exchange ltd
www.dhaka stock exchange
dhaka stock
ঢাকা স্টক এক্সচেঞ্জ
dhaka stock exchange by trade code
stock bangladesh news
dsc stock exchange
dhaka stock exchange agm
dhaka stock exchange today market price
