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Bangladesh Services Limited (Bangladesh)

Main Activities: Accommodation
Full name: Bangladesh Services Limited Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Bangladesh Services Limited (BSL) is a company located in Dhaka, Bangladesh. It has been involved in the hospitality business for over 40 years and was the first to introduce international standard five-star hotels in the country. From 1973 to 1983, BSL operated under the name Hotel Inter-continental Dhaka, in agreement with Inter-continental Hotels Corporation, USA. From 1984 to April 2011, it operated as Dhaka Sheraton Hotel under an agreement with Starwood Asia Pacific Hotels and Resorts Pvt. Ltd., USA. Since May 2011, BSL has been operating Ruposhi Bangla Hotel, which was closed for renovation in September 2014. However, BSL continues to operate the VIP lounge at Hazrat Shahjalal International Airport in Dhaka. On February 19, 2012, BSL signed a 30-year Management Agreement with InterContinental Hotels Group (Asia Pacific) Pte Ltd. (IHG) for the management of its hotel, with the option to renew the agreement for two additional terms of five years each. After an extensive renovation to meet InterContinental's brand standards, the hotel reopened on December 1, 2018, as InterContinental Dhaka. In addition to its hotel business, BSL also rents out properties adjacent to its hotel to local and international organizations. Furthermore, BSL has been managing and operating the Bangabandhu International Conference Center (BICC) since July 1, 2012, after being awarded the responsibility through an open tender by the Public Works Department (PWD) of the Ministry of Housing and Public Works on June 17, 2012. BSL has gained a reputation for successfully hosting national and international conferences, seminars, exhibitions, and other events at the BICC.

Headquarters
1 Minto Road, Dhaka-1000
Dhaka; Dhaka;

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Website: http://www.bsl.gov.bd

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1973
Key Executives
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Chairman
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Managing Director
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BDT. Absolute financial data is included in the purchased report.
Net sales revenue
33.1%
Total operating revenue
33.1%
Operating profit (EBIT)
-49.4%
Net Profit (Loss) for the Period
33.99%
Total assets
-0.84%
Total equity
-3.08%
Operating Profit Margin (ROS)
-4.94%
Net Profit Margin
45.94%
Return on Equity (ROE)
0.41%
Debt to Equity Ratio
1.13%
Quick Ratio
-0.02%
Cash Ratio
-0.06%

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