Atlas Bangladesh Limited announcements
269 Dhaka Stock Exchange announcements for Atlas Bangladesh Limited (ATLASBANG) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2016 (12).
- Emphasis of Matter
The auditor of the company has given the following emphasis of matter in the audit report of the company for the year ended on 30 June 2016: Emphasis of Matter: Without qualifying our opinion, we draw attention to the following matter: 1. The Company has incurred a substantial amount of loss during the year. The management of the company has explained in the "note no. 2(a) ii" to the financial statements how they will continue in operational existence for the foreseeable future. Note - 2(a) ii: Going Concern: The company had an agreement with Hero Honda Motors Limited to assemble and market "Hero Honda" brand motor cycle. Due to separation of business relation with Hero Honda Motors Limited in 2013 raw material was not imported from Hero Honda and there was no production of Hero Honda during the financial year 2014-2015. But according to MOU ABL started production of ZONGSHEN-ATLAS brand motorcycle during the financial year 2014-2015. For this reason, sales of 2014-2015 substantially reduced from the previous year but after engagement of Distribution and Technical Assistance Agreement with Chongquing Zongshen Group I/E Crop, China ABL increase current year sales gradually from the financial year 2014-2015. The directors of the company expect better performance in the foreseeable future. The current credit facilities and resources of the company provides sufficient fund to meet the present requirements of its existing business. Moreover they believe that the company has adequate resources to continue in operation for the foreseeable future. For this reasons the directors continue to adopt going concern basis in preparing the Financial Statements.
- Resumption after record date
Trading of the shares of the Company will resume on 29.11.2016 after record date.
- Spot for AGM
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 24.11.2016 to 27.11.2016. Trading of the shares of the Company will remain suspended on record date i.e., 28.11.2016.
- Dividend Declaration
The Board of Directors has recommended 10% cash dividend and 5% stock dividend for the year ended on June 30, 2016. Date of AGM: 22.12.2016, Time: 11:00 AM, Venue: Factory premises of the Company, 265-267 Tongi I/A, Gazipur. Record date: 28.11.2016. The Company has also reported EPS of Tk. (1.25), NAV per share of Tk. 177.00 and NOCFPS of Tk. (7.36) for the year ended on June 30, 2016 as against Tk. 0.36, Tk. 179.00 and Tk. 1.07 respectively for the year ended on June 30, 2015.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (07.11.2016) following its corporate declaration.
- Q1
EPS was Tk. (0.69) for July-September, 2016 as against Tk. (0.75) for July-September, 2015; NOCFPS was Tk. (0.83) for July-September, 2016 as against Tk. (3.52) for July-September, 2015. NAV per share was Tk. 176.00 as of September 30, 2016 and Tk. 177.00 as of June 30, 2016.
- Board Meeting
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 06, 2016 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2016. 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 November 06, 2016 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2016.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.40) for January-March, 2016 as against Tk. (0.95) for January-March, 2015; EPS was Tk. (1.36) for July, 2015-March, 2016 as against Tk. (0.93) for July, 2014-March, 2015. NOCFPS was Tk. (6.82) for July, 2015-March, 2016 as against Tk. (0.76) for July, 2014-March, 2015. NAV per share was Tk. 182.98 as of March 31, 2016 and Tk. 203.78 as of June 30, 2015.
- 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 28, 2016 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2016.
- Q2 Financials
EPS was Tk. (0.21) for October-December, 2015 as against Tk. (0.05) for October-December, 2014; EPS was Tk. (0.96) for July-December, 2015 as against Tk. 0.02 for July-December, 2014. NOCFPS was Tk. (7.18) for July-December, 2015 as against Tk. 0.65 for July-December, 2014. NAV per share was Tk. 183.39 as of December 31, 2015 and Tk. 203.78 as of June 30, 2015.
- Board Meeting
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, 2016 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2015.
- Dividend Disbursement
The Company has informed that it has credited the bonus shares for the year ended on June 30, 2015 to the respective shareholders' BO Accounts and it has also disbursed cash dividend to the respective shareholders.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.