Fusion Holdings Sells 3 Lakh Shares of Baraka Power

Industry: Energy & Power, Power, Stock Market
Company: Baraka Patenga Power Limited
Company Intelligence Tag: Business Insights

Fusion Holdings Limited, the corporate director of Baraka Power Limited, has recently sold 300,000 shares at the prevailing market rate through public and block markets on the Dhaka Stock Exchange (DSE). Baraka Power reported consolidated earnings per share (EPS) of 22 paise for Q1 of the fiscal year 2023–24, marking a significant improvement from the loss per share of Tk 0.94 in the same quarter of FY 23. The company’s net asset value per share (NAVPS) stood at Tk 21.21 as of September 30.

Baraka Power declared a 5% cash dividend for FY 2023. In the current fiscal year, the company’s consolidated EPS reached Tk 0.56, compared to Tk 2.13 in FY23. As of June 30, the consolidated NAVPS was Tk 21.99. The company has a surveillance rating of double-A1 for long-term and ST-2 for short-term, certified by the Credit Rating Agency of Bangladesh Limited (CRAB).

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