The global economy has been severely affected by a deadly disease called COVID-19. All the
ramifications of the world economy have been impacted significantly by this pandemic. The main
objective of this study is to measure the effect that the COVID-19 outbreak has drawn on the
financial performances of the listed companies in Bangladesh. Paired sample t-test has been used
as the statistical tool in this study to compare the financial performance of the listed companies
before and after COVID-19. The financial performance before COVID-19 is measured for the first
two quarters of the last five years from 2015 to 2019 and then compared with the first two
quarters' data of 2020 as the financial performance after COVID-19. The results indicate that all
the sectors, including cement, engineering and steel, power and energy, textile and RMG,
pharmaceuticals, and ICT, have been affected. The earnings of these sectors have been reduced
significantly as the immediate effect of COVID-19. The banking and finance sector has also
observed a decrease in earning though it is not statistically significant. This study will help the
government and the policymakers by explaining the immediate impact of COVID-19 and providing
relevant information for decision making regarding the way-out from this financial crisis.
