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 2022 (28).
- Resumption after record date
Trading of the shares of the Company will resume on 30.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 29.11.2022.
- 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 from 27.11.2022 to 28.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 29.11.2022.
- The auditor of the Atlas Bangladesh Limited has given the \"Qualified Opinion\", \"Going Concern\" and \"Emphasis of Mat
The auditor of the Atlas Bangladesh Limited has given the \"Qualified Opinion\", \"Going Concern\" and \"Emphasis of Matters\" paragraph in the Auditor\'s Report for the year ended 30 June 2022. Basis for Qualified Opinion: 1. The Company\'s advance against VAT is carried in the statement of financial position at Taka 8,052,583 whereas advance against VAT is carried in the VAT return at (cont.1)
- (Continuation news of ATLASBANG): Taka 21,279,468 (Reconciled balance) so, the difference is at Taka 13,226,885 and we c
(Continuation news of ATLASBANG): Taka 21,279,468 (Reconciled balance) so, the difference is at Taka 13,226,885 and we could not confirm extent of the recoverability. Please refer to Note 8 \"Advance, Deposits and Prepayments\" of the notes to the financial statements for relevant details. 2. Other Receivables are stated at Taka 21,295,181; Taka 1,579,025 of which as Customs Duty is a continuation from previous years and we could not (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of ATLASBANG): confirm extent the recoverability. Please refer to Note 6 \"Trade and Other Receivable
(Continuation news of ATLASBANG): confirm extent the recoverability. Please refer to Note 6 \"Trade and Other Receivables\" of the notes to the financial statements for relevant details. 3. Trade and Other Payables are stated at Taka 168,049,954; Taka 15,736,161 of which as Liability for imported goods, Liability for Feasibility Study, and Creditors, are continuation of more than one previous year. Please refer to Note 18 \"Trade and (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of ATLASBANG): Other Payable\" of the notes to the financial statements for relevant details. Materia
(Continuation news of ATLASBANG): Other Payable\" of the notes to the financial statements for relevant details. Material Uncertainty Related to Going Concern (IAS – 570 para 19 and 22): The Company incurred a series of net loss subsequent six years. Details are given below: For the Financial Year 2015-2016, Net Loss After Tax was BDT 32,638,514.00 and Accumulated Loss Increasing from 2015-16 was BDT 32,638,514.00. For the(cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of ATLASBANG): Financial Year 2016-2017, Net Loss After Tax was BDT 71,889,065.00 and Accumulated Los
(Continuation news of ATLASBANG): Financial Year 2016-2017, Net Loss After Tax was BDT 71,889,065.00 and Accumulated Loss Increasing from 2015-16 was BDT 104,527,579.00. For the Financial Year 2017-2018, Net Loss After Tax was BDT 36,936,518.00 and Accumulated Loss Increasing from 2015-16 was BDT 141,464,097.00. For the Financial Year 2018-2019, Net Loss After Tax was BDT 32,793,808.00 and (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of ATLASBANG): Accumulated Loss Increasing from 2015-16 was BDT 174,257,905.00. For the Financial Yea
(Continuation news of ATLASBANG): Accumulated Loss Increasing from 2015-16 was BDT 174,257,905.00. For the Financial Year 2019-2020, Net Loss After Tax was BDT 44,562,254.00 and Accumulated Loss Increasing from 2015-16 was BDT 218,820,159.00. For the Financial Year 2020-2021, Net Loss After Tax was BDT 102,208,834.00 and Accumulated Loss Increasing from 2015-16 was BDT 321,028,993.00. For the (cont.6)
The first part of this announcement is missing from the archive. - (Continuation news of ATLASBANG): Financial Year 2021-2022, Net Loss After Tax was BDT 48,620,626.00 and Accumulated Los
(Continuation news of ATLASBANG): Financial Year 2021-2022, Net Loss After Tax was BDT 48,620,626.00 and Accumulated Loss Increasing from 2015-16 was BDT 369,649,619.00. We draw attention to the following indications that a material uncertainty exists that may cast significant doubt on the Company\'s ability to continue as a going concern: a. Net loss increasing year after year since financial year 2015-2016. b. Adverse Key (cont.7)
The first part of this announcement is missing from the archive. - (Continuation news of ATLASBANG): Financial Ratios c. Loss of Principal Supplier/Business relationship (Hero Honda Motor
(Continuation news of ATLASBANG): Financial Ratios c. Loss of Principal Supplier/Business relationship (Hero Honda Motors Brand) d. Emergence of a highly successful competitor. These events or conditions indicated above that a material uncertainty exists that may cast significant doubt on the Company\'s ability to continue as a going concern and that the financial statements do adequately disclose this matter in note no. #2(a) (ii) of notes to the (cont.8)
The first part of this announcement is missing from the archive. - (Continuation news of ATLASBANG): financial statements. However, as the company is an enterprise of Bangladesh Steel and
(Continuation news of ATLASBANG): financial statements. However, as the company is an enterprise of Bangladesh Steel and Engineering Corporation under the Ministry of Industries, necessary support will be made available to keep the operation of the company ongoing foreseeable future if the government so wisely as such the company has considered itself as a going concern. Our opinion is not modified in respect of the matter. (cont.9)
The first part of this announcement is missing from the archive. - (Continuation news of ATLASBANG): Matter of Emphasis: We draw attention to the following matters, though our opinion is
(Continuation news of ATLASBANG): Matter of Emphasis: We draw attention to the following matters, though our opinion is not modified by them: Long Term Loan: Long Term Loans are stated at Taka 2,184,296; Taka 2,184,241 of which as Interest Free Government Loan is a continuation of more than one previous year. We were unable to verify it. Please refer to Note 15 \"Long Term Loan\" of the notes to the financial statements for relevant details. Inter Project (cont.10)
The first part of this announcement is missing from the archive. - (Continuation news of ATLASBANG): Accounts: Inter Project Accounts are stated at Taka 13,515,102; Taka 1,614,925 of whic
(Continuation news of ATLASBANG): Accounts: Inter Project Accounts are stated at Taka 13,515,102; Taka 1,614,925 of which are continuation from previous year, and we could not confirm extent of the recoverability. Please refer to Note 7 \"Inter Project Accounts\" of the notes to the financial statements for relevant details. Trade and Other Payable: Taka 2,990,569 of Trade and Other Payables (stated at Taka 168,049,954) are Advance against (cont.11)
The first part of this announcement is missing from the archive. - (Continuation news of ATLASBANG): Shares (Taka 184,050), and Sale proceeds of fraction shares (Taka 2,806,519) are conti
(Continuation news of ATLASBANG): Shares (Taka 184,050), and Sale proceeds of fraction shares (Taka 2,806,519) are continuation of more than one previous year. Please refer to Note 18 \"Trade and Other Payable\" of the notes to the financial statements for relevant details. Note 2.00 BASIS OF PREPARATION OF FINANCIAL STATEMENTS: (a) ii Going Concern: The company had an agreement with Hero Honda Motors Ltd. to assemble (cont.12)
The first part of this announcement is missing from the archive. - (Continuation news of ATLASBANG): and market \"Hero Honda\" brand motor cycle. Due to separation of business relation wi
(Continuation news of ATLASBANG): and market \"Hero Honda\" brand motor cycle. Due to separation of business relation with Hero Honda Motors Ltd. in 2013. After the engagement of Distribution and Technical Assistance Agreement with Chongquing Zongshen Group I/E Corp, China, ABL started the business with a new brand ZONGSHEN-ATLAS and is trying to capture the motorcycle market but sales of the new brand did not increase (cont.13)
The first part of this announcement is missing from the archive. - (Continuation news of ATLASBANG): as our expectation. ABL also engaged a Memorandum of Understanding (MoU) on 24th May 2
(Continuation news of ATLASBANG): as our expectation. ABL also engaged a Memorandum of Understanding (MoU) on 24th May 2018, after that sign an agreement for five years on 11th February 2019 with TVS AUTO BANGLADESH LIMITED as a \"Corporate Partner”. Now ABL is engage in assembling and marketing TVS brand Motorcycles to the Corporate sector beside ZONGSHEN- ATLAS brand. The directors of the company expect(cont.14)
The first part of this announcement is missing from the archive. - Qualified Opinion, Going Concern and Emphasis of Matters
(Continuation news of ATLASBANG): 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 and govt. support to continue the operation and government support in the foreseeable future. For these reasons the directors continue to adopt going concern basis in preparing the Financial Statements. (end)
The first part of this announcement is missing from the archive. - Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.65) for July-September 2022 as against Tk. (0.34) for July-September 2021. NOCFPS was Tk. (0.08) for July-September 2022 as against Tk. 0.26 for July-September 2021. NAV per share was Tk. 126.00 as on September 30, 2022 and Tk. 126.00 as on June 30, 2022. Reasons for deviation in EPS and NOCFPS: EPS and NOCFPS have decreased as cost of sales i.e. fixed salary & wages increased, sales and gross profit margin decreased in comparison to previous period.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (09.11.2022) 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.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended June 30, 2022. Date of AGM: 27.12.2022, Time: 11:00 AM, Venue: Digital Platform. Record Date: 29.11.2022. The Company has also reported EPS of Tk. (1.47), NAV per share of Tk. 126.00 and NOCFPS of Tk. 0.78 for the year ended June 30, 2022 as against Tk. (3.09), Tk. 128.00 and Tk. (3.24) respectively for the same period of the previous year.
- 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 08, 2022 at 5:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- 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 November 08, 2022 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.37) for January-March 2022 as against Tk. (0.64) for January-March 2021; EPS was Tk. (1.28) for July 2021-March 2022 as against Tk. (2.11) for July 2020-March 2021. NOCFPS was Tk. 0.47 for July 2021-March 2022 as against Tk. (1.58) for July 2020-March 2021. NAV per share was Tk. 126.00 as on March 31, 2022 and Tk. 128.00 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 3:00 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. (0.57) for October-December 2021 as against Tk. (0.94) for October-December 2020; EPS was Tk. (0.92) for July-December 2021 as against Tk. (1.46) for July-December 2020. NOCFPS was Tk. 0.85 for July-December 2021 as against Tk. (0.61) for July-December 2020. NAV per share was Tk. 127.00 as on December 31, 2021 and Tk. 128.00 as on June 30, 2021.
- Reschedule of Board Meeting under LR 16(1)
The Company has further informed that meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on January 30, 2022 at 3:00 PM instead of January 29, 2022 to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 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 January 29, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.