South Asia Earnings Update
Hudco posts strong Q1 profit growth while Grameenphone reports a four-year low in earnings; Bangladesh regulator simultaneously drafts new margin lending rules.
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- DATAHudco Q1 profit surges 35% to ₹851 crore as housing finance lender declares interim dividend
Strong top-line growth and a declared interim payout signal resilience in India's housing finance sector, with Hudco reporting a 35% jump in net profit for the quarter ended June.
Rte Business - MARKETBangladesh regulator drafts rules to simplify margin lending for equity investors
BSEC proposals would allow investors to borrow against existing shareholdings, potentially boosting liquidity in Dhaka's markets amid global scrutiny of rising leverage.
Thedailystar - DATAGrameenphone posts lowest H1 profit in four years, maintains dividend
The Bangladeshi telecom operator reported a sharp decline in first-half revenue and earnings, yet declared a 105 percent interim cash dividend to shareholders.
Thedailystar