An analysis of company profits found that large companies were comparatively in a better position, while smaller firms faced tougher conditions.
More than two-thirds of companies that got listed on the stock market in the last 14 years were subsequently downgraded to lower categories, with many turning into junk stocks soon after listing.
Listed companies across all sectors saw their profits fall by around 24 percent on an average year-on-year during the last January-September period, due mainly to an economic slowdown and widespread political turmoil, according to an unofficial estimate.
Dhaka Stock Exchange (DSE) is conducting inspections at factories of 14 listed companies to identify whether they have any potential as they have been performing poorly over the years.
Around 70 per cent of listed companies in Bangladesh either suffered losses or witnessed lower profit in the July to December period of the current financial year due to the surge in production costs, the sharp depreciation of the local currency and lower consumption.
An analysis of company profits found that large companies were comparatively in a better position, while smaller firms faced tougher conditions.
More than two-thirds of companies that got listed on the stock market in the last 14 years were subsequently downgraded to lower categories, with many turning into junk stocks soon after listing.
Listed companies across all sectors saw their profits fall by around 24 percent on an average year-on-year during the last January-September period, due mainly to an economic slowdown and widespread political turmoil, according to an unofficial estimate.
Dhaka Stock Exchange (DSE) is conducting inspections at factories of 14 listed companies to identify whether they have any potential as they have been performing poorly over the years.
Around 70 per cent of listed companies in Bangladesh either suffered losses or witnessed lower profit in the July to December period of the current financial year due to the surge in production costs, the sharp depreciation of the local currency and lower consumption.
