Advanced Chemical Industries PLC. announcements
379 Dhaka Stock Exchange announcements for Advanced Chemical Industries PLC. (ACI) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (18).
- Resumption after Record Date
Trading of the shares of the Company will resume on 18.11.2018 after record date.
- Suspension for Record Date
Trading of the shares of the Company will remain suspended on record date i.e., 15.11.2018.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 1.26 for July-September 2018 as against Tk. 2.36 for July-September 2017; Consolidated NOCFPS was Tk. (2.67) for July-September 2018 as against Tk. (9.87) for July-September 2017. Consolidated NAV per share was Tk. 232.80 as on September 30, 2018 and Tk. 229.86 as on June 30, 2018. (cont.) (Continuation news of ACI): It is to be noted that the major reasons for the de-growth of the profit of the Group considering it as the significant deviation from the same quarter (Q1) of the previous year are as follows: Currency devaluation, Interest rate increase, Decrease in share of profit from JVs and associates, Purchase rate variance due to international price hike and High income tax expenses. (End)
- Board Approval to sell Floor Space
The Company has informed that the Board of Directors has approved the proposal of sale of 7,461.61 sft. Floor Space at 6th Floor of "Police Plaza Concord", Gulshan, Dhaka with a total consideration of Tk. 15.00 crore at the rate of Tk. 20,103.00 per sft.
- Spot News
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 13.11.2018 to 14.11.2018. Trading of the shares of the Company will remain suspended on record date i.e., 15.11.2018.
- 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 11, 2018 at 3:45 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Dividend Declaration & increase of Authorized Capital
The Board of Directors has recommended 115% cash and 3.5% stock dividend for the year ended on June 30, 2018. The Board has also decided to increase the Authorized Capital of the Company from Tk. 50.00 crore to Tk. 150.00 crore, subject to the approval of the shareholders in the AGM and the regulators. Date of AGM: 12.12.2018, Time: 11:00 AM, Venue: Officers Club, 26 Baily Road, Dhaka. Record Date: 15.11.2018. The Company has also reported Consolidated EPS of Tk. 10.73, (cont.) (Continuation news of ACI): Consolidated NAV per share of Tk. 229.86 and Consolidated NOCFPS of Tk. (55.84) for the year ended on June 30, 2018 as against Tk. 22.10, Tk. 219.36 and Tk. (59.65) respectively for the same period of the previous year. It is to be noted that the major reasons for decreasing EPS for the year ended on June 30, 2018: Currency devaluation, Interest rate increase, Withdrawal import duty on rice, Purchase rate variance due to international price hike and High transportation cost.(end
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (28.10.2018) following its corporate declaration.
- Land Purchase
The Company has informed that the Board of Directors of the Company has decided to purchase land measuring 138 acres at Dhamor, Phonchogorh at a cost of Tk. 90.25 million including registration cost for its future expansion.
- 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 25, 2018 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.96 for January-March 2018 as against Tk. 3.44 for January-March 2017; Consolidated EPS was Tk. 8.95 for July 2017-March 2018 as against Tk. 15.11 for July 2016-March 2017. Consolidated NOCFPS was Tk. (66.40) for July 2017-March 2018 as against Tk. (29.91) for July 2016-March 2017. Consolidated NAV per share was Tk. 226.83 as on March 31, 2018 and Tk. 219.36 as on June 30, 2017.
- 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, 2018 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Board approval for manufacturing and marketing plan of a subsidiary
The Company has informed that the Board of Directors has approved a plan of its subsidiary, Premiaflex Plastics Limited (PPL) on April 07, 2018 where PPL will manufacture and market household plastic products including furniture and other allied plastic articles. (cont.) (Continuation news of ACI): The initial investment in this regard would be Tk. 486.88 million with a projected sale of Tk. 1,301.00 million, Tk. 1,893.00 million and Tk. 2,011.00 million during the years 2018-19, 2019-20 and 2020-21 respectively. ACI Limited, being the parent company has 87.32% stake in the subsidiary. (end)
- Agreement signing with Yamaha Motors Co. Ltd., Japan by its subsidiary
The Company has informed that the Board of Directors has approved a plan of its subsidiary, ACI MOTORS LIMITED to sign a manufacturing agreement with YAMAHA MOTORS CO. LTD., JAPAN, under which YAMAHA brand motorcycle will be produced in Bangladesh through a fully CKD assembling plant. The estimated production capacity of the plant will be 50,000 units/p.a. and the revenue of which is projected to be Tk. 5,000.00 million/p.a. ACI Limited being the parent Company has 67.50% stake in the subsidiary.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 5.63 for October-December, 2017 as against Tk. 7.95 for October-December, 2016; Consolidated EPS was Tk. 7.99 for July-December, 2017 as against Tk. 11.67 for July-December, 2016. Consolidated NOCFPS was Tk. (51.94) for July-December, 2017 as against Tk. (5.10) for July-December, 2016. Consolidated NAV per share was Tk. 227.40 as on December 31, 2017 and Tk. 219.36 as on June 30, 2017.
- 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 29, 2018 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017.
- Dividend Disbursement
The Company has informed that the final cash dividend including sales proceeds of fractional bonus share has been credited on January 09, 2018 through BEFTN system. The shareholders having folio number and BEFTN non-compatible/absent of bank details in the BOID are requested to collect the Dividend warrants from Share Office at 9 Motijheel C/A, Dhaka- 1000, on 10, 11 & 14 January 2018 during 10:00 AM to 4:00 PM. (cont.) (Continuation news of ACI): The remaining Dividend Warrants will be distributed through courier service to the registered mailing address of the respective Shareholders. (end)
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has rated the Company as "AA-" in the long term and "ST-2" in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2017, unaudited financials up to September 30, 2017 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.