DSE finally changes auditor after 36 years
The shareholders of the DSE have also approved a 4% cash dividend for FY23
The Dhaka Stock Exchange (DSE) has finally changed its auditor after 36 long years.
Earlier, A Qasem & Co Chartered Accountants used to be the country's premier bourse's auditor. Now, the DSE has appointed Hoda Vasi Chowdhury & Co Chartered Accountants for auditing its financial statements for the 2023-24 fiscal year in a move to ensure transparency and diversification.
In the DSE's annual general meeting (AGM) held on 21 December, the bourse's shareholders approved the auditor change.
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Dhaka bourse's Managing Director ATM Tariquzzaman told TBS, "In the AGM, shareholders have approved the proposal of changing auditor, and a new auditor has been appointed for the next fiscal year."
The shareholders of the DSE have also approved a 4% cash dividend for FY23. In the previous fiscal year, the DSE had paid a 6% cash dividend to its shareholders.
According to DSE's annual report, the bourse had witnessed a significant drop in revenue and profit in the fiscal 2022-23, owing to stock market volatility and lower share transactions amid floor prices.
According to its FY23 financials, revenue fell by 25% to Tk238 crore, which is the lowest since the fiscal 2019-20.
Its net profit after tax declined to Tk80 crore, 35% lower than the previous fiscal year.
