Aman Cotton Fibrous PLC. announcements
142 Dhaka Stock Exchange announcements for Aman Cotton Fibrous PLC. (ACFL) since 2018: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (25).
- The auditor of the Aman Cotton Fibrous Limited has given the \"Qualified Opinion\" & \"Emphasis of Matters\" paragraphs
The auditor of the Aman Cotton Fibrous Limited has given the \"Qualified Opinion\" & \"Emphasis of Matters\" paragraphs in the Auditor\'s Report for the year ended 30 June 2022. Basis for Qualified Opinion: 1. The Bangladesh Labor (amended) act 2013 requires the company to contribute 5\% of its net profit to WPPF. The management has ascertained the amount and made necessary provision without any payment. (cont.1)
- (Continuation news of ACFL): Emphasis of Matters: 1. According to IPO Utilization Audit Reports as of February 28, 2021.
(Continuation news of ACFL): Emphasis of Matters: 1. According to IPO Utilization Audit Reports as of February 28, 2021.The company has un-utilized IPO proceeds is Tk.717,498,337 and the Shareholders of Aman Cotton Fibrous limited was approved the revised time line for fund utilization of IPO proceed up to 31st August 2023. 2. As referred to Note # 8.0 in the financial statements, the Company recorded advances, deposits and prepayments of Tk. 720,755,971 (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of ACFL): which includes advance against Land purchases of Tk. 123,337,500 and Advance against Land D
(Continuation news of ACFL): which includes advance against Land purchases of Tk. 123,337,500 and Advance against Land Development Tk. 9,227,119 carry forwarded from several years. During the audit, no movement has occurred against the said balances. 3. As disclosed in Note # 9 to the financial statements, Loan to sister concern shown balance of Tk. 274,006,986. The Company carried out transactions with related parties without obtaining necessary Consent from the (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of ACFL): Bangladesh Securities and Exchange Commission (BSEC). And also we could not find any docume
(Continuation news of ACFL): Bangladesh Securities and Exchange Commission (BSEC). And also we could not find any documents against loan to sister concern. 4. We draw attention to note-35 to the financial statements where management explain the circumstances of various contingencies and additional claims of explains additional Income Tax Demand from Income Tax Authority, the uncertainties of getting judgment in favor of the company and managements position on the same. (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of ACFL): Our opinion is not modified in respect of this matter. Note 35.00 Contingent Liabilities &
(Continuation news of ACFL): Our opinion is not modified in respect of this matter. Note 35.00 Contingent Liabilities & Capital Commitments: a) There is no claim against the company not acknowledged as debt. b) There is no un-availed credit facilities. other than those in the normal course of business, available to the company as on 30 June, 2021. (cont.5)
The first part of this announcement is missing from the archive. - Qualified Opinion & Emphasis of Matters
(Continuation news of ACFL): c) The total Income Tax from Assessment Year 2012 to 2022 is BDT 118,464,156. d) Capital Commitments under the head advance against land purchase at Sreepur, Gazipur as on 30 June 2022 and 30 June 2021 was BDT 123,337,500 and BDT 123,337,500 respectively. (end)
The first part of this announcement is missing from the archive. - Resumption after record date
Trading of the shares of the Company will resume on 20.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2022
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.31 for July-September 2022 as against Tk. 0.27 for July-September 2021; NOCFPS was Tk. 0.92 for July-September 2022 as against Tk. 3.13 for July-September 2021. NAV per share was Tk. 35.45 as on September 30, 2022 and Tk. 35.14 as on June 30, 2022.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 15.11.2022 to 16.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 17.11.2022.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on November 14, 2022 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- (Continuation news of ACFL): On the other hand advance against opening Letter of Credit (L/C) (margin) had decreased com
(Continuation news of ACFL): On the other hand advance against opening Letter of Credit (L/C) (margin) had decreased compared with previous year. EPS for the year ended 30 June 2022 was BDT 0.76 per share as against BDT 1.25 per share for the year ended 30 June 2021 registering raw cotton price has increased by 30\% and overhead has also been increased by 11\% this year (2021-2022) compare to last year. (cont. 3)
The first part of this announcement is missing from the archive. - (Continuation news of ACFL): The Company has also reported EPS of Tk. 0.76, NAV per share of Tk. 35.14 and NOCFPS of Tk.
(Continuation news of ACFL): The Company has also reported EPS of Tk. 0.76, NAV per share of Tk. 35.14 and NOCFPS of Tk. 3.30 for the year ended June 30, 2022 as against Tk. 1.25, Tk. 34.72 and Tk. (5.21) respectively for the same period of the previous year. Reasons for deviation in NOCFPS and EPS: NOCFPS for the period ended 30 June 2022 has increased significantly as receivables have decreased as on 30 June 2022 by 43.17 crore as sight LC has increased compared to last year. (cont. 2)
The first part of this announcement is missing from the archive. - The Board of Directors has recommended 10\% Cash Dividend for general shareholders only excluding Sponsor Directors for
The Board of Directors has recommended 10\% Cash Dividend for general shareholders only excluding Sponsor Directors for the year ended June 30, 2022. The Company has also informed that the dividend payable to general shareholders is BDT 50,833,333.00 only. Sponsor shareholders hold 50,000,000 shares. Date of AGM: 26.12.2022, Time: 12:15 PM, Venue: Digital Platform. Record Date: 17.11.2022. (cont. 1)
- Dividend Declaration
(Continuation news of ACFL): The price of Gas, packing materials and other materials have also increased as a result the cost of goods sold has increased during the year to last year but sale price has not increased significantly. (end)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.10.2022) following its corporate declaration. However, as per the BSEC Order No. BSEC/CMRRCD/2001-07/39 dated July 28, 2022, the floor price shall be applicable accordingly.
- Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 27, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Alpha Credit Rating Limited (AlphaRating) has rated the Company as \"BB+\" in the long term and \"ST-4\" in the short te
Alpha Credit Rating Limited (AlphaRating) has rated the Company as \"BB+\" in the long term and \"ST-4\" in the short term along with a Stable outlook based on audited financial statements of the Company up to June 30, 2021 and relevant qualitative information up to May 31, 2022.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. 0.43 for January-March 2022 as against Tk. 0.45 for January-March 2021; EPS was Tk. 0.99 for July 2021-March 2022 as against Tk. 1.10 for July 2020-March 2021. NOCFPS was Tk. 3.45 for July 2021-March 2022 as against Tk. 0.73 for July 2020-March 2021. NAV per share was Tk. 35.41 as on March 31, 2022 and Tk. 34.72 as on June 30, 2021.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 26, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. 0.29 for October-December 2021 as against Tk. 0.35 for October-December 2020; EPS was Tk. 0.55 for July-December 2021 as against Tk. 0.65 for July-December 2020. NOCFPS was Tk. 1.95 for July-December 2021 as against Tk. 1.71 for July-December 2020. NAV per share was Tk. 34.96 as on December 31, 2021 and Tk. 34.72 as on June 30, 2021.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended June 30, 2021 to the respective shareholders.
- Confirmation of share transfer by a Director
Mr. Md. Toriqul Islam one of the Directors of the company, has further reported that he has completed his transfer of 72,00,000 shares of the Company to his wife Mrs. Saika Tabassum (General Shareholder of the company), by way of gift outside the trading system of the Exchange as per declaration disseminated on 19.01.2022.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on January 30, 2022 at 7:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
- Declaration of share transfer by a Director
Mr. Md. Toriqul Islam one of the Directors of the company, has expressed his intention to transfer 72,00,000 shares out of his holding 2,28,00,000 shares of the Company to his wife Ms. Saika Tabassum (General Shareholder of the company), by way of gift outside the trading system of the Exchange within next 30 working days from the date of issuance of approval letter by DSE.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.