British American Tobacco Bangladesh Company Limited announcements
325 Dhaka Stock Exchange announcements for British American Tobacco Bangladesh Company Limited (BATBC) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2023 (34).
- (Q3 Un-audited): EPS was Tk. 7.52 for July-September 2023 as against Tk. 7.59 for July-September 2022; EPS was Tk. 25.11
(Q3 Un-audited): EPS was Tk. 7.52 for July-September 2023 as against Tk. 7.59 for July-September 2022; EPS was Tk. 25.11 for January-September 2023 as against Tk. 24.52 for January-September 2022. NOCFPS was Tk. 11.38 for January-September 2023 as against Tk. 39.55 for January-September 2022. NAV per share was Tk. 91.37 as on September 30, 2023 and Tk. 77.65 as on September 30, 2022. (cont.)
- The Board of Directors of the Company has approved the capital investment of BDT 33.21 crore only for Rooftop Solar pane
The Board of Directors of the Company has approved the capital investment of BDT 33.21 crore only for Rooftop Solar panel (3.2 MW) and Stem Pre-Sizer unit along with its relevant infrastructure in the Fibex plant in the Company. The investment in Solar panel system would achieve 50\% reduction in carbon-dioxide emissions as well as to get into the journey of 50\% renewable electricity usage. The investment in FIBEX technology Plant would convert tobacco particles (which would have previously (cont.)
- Q3 Financials
(Continuation news of BATBC): Reasons for deviation in EPS and NOCFPS: EPS increased during January-September 2023 from the same period last year driven by volume growth, decline in net finance and current tax expenses partially offset by increased cost of sales and operating costs. NOCFPS decreased from the same period last year due to receipts from sales offset by higher VAT, SD, HDSC, supplier and tax payments. (end)
The first part of this announcement is missing from the archive. - Investment decision in company's factory and plant
(Cont. news of BATBC): gone to waste) into a usable raw material like tobacco leaf. The investment will be funded from internal sources and bank financing based on the cash flow of the Company. The details are as follows: Estimated Costs for Solar Panel overall system at Savar site factory (Supply, Installation, Testing and Commissioning) is BDT 24.37 and for Stem Pre Sizer unit and relevant infrastructural modification in the Fibex plant at Manikganj Re-drying Plant is BDT 8.84 crore. (end)
The first part of this announcement is missing from the archive. - 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 October 25, 2023 at 7:00 PM to consider, among others, financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2023.
- The company has informed that the Board of Directors of the has company approved the investment decision amounting to BD
The company has informed that the Board of Directors of the has company approved the investment decision amounting to BDT 150.80 crore for the company\'s Savar Factory Site. Details of the investment are as follows: 1. Construction of Bonded warehouse for the storage of wrapping material, leaf and finished goods with factory specification building standards equivalent to BDT 103.00 crore, 2. Bonded warehouse utility: Electrical, Fire detection and protection system, (cont.1)
- (Continuation news of BATBC): Air conditioning and ventilation system, IT and security system equivalent to BDT 24.50 cr
(Continuation news of BATBC): Air conditioning and ventilation system, IT and security system equivalent to BDT 24.50 crore, 3. Construction of site ancillary facilities for employee wellbeing (e.g., Mosque, Canteen, Training Center) and factory services (waste management yard, fire station, equipment storage etc.) equivalent to BDT 21.40 crore and 4. Reinforced cement concrete road and underground drainage equivalent to BDT 1.90 crore. (cont.2)
The first part of this announcement is missing from the archive. - Investment decision in company's factory
(Continuation news of BATBC): The company has also informed that this investment would enhance the capacity and productivity improvement of the company. The investment will be funded from internal sources and bank financing based on the cash flow of the Company. (end)
The first part of this announcement is missing from the archive. - (Q2 Un-audited): EPS was Tk. 9.14 for April-June 2023 as against Tk. 9.20 for April-June 2022; EPS was Tk. 17.59 for Jan
(Q2 Un-audited): EPS was Tk. 9.14 for April-June 2023 as against Tk. 9.20 for April-June 2022; EPS was Tk. 17.59 for January-June 2023 as against Tk. 16.93 for January-June 2022. NOCFPS was Tk. (1.23) for January-June 2023 as against Tk. 16.77 for January-June 2022. NAV per share was Tk. 83.85 as on June 30, 2023 and Tk. 70.06 as on June 30, 2022. (cont.)
- Q2 Financials
(Continuation news of BATBC): Reasons for deviation in EPS and NOCFPS: EPS has been increased from the same period last year driven by volume growth and higher leaf export. NOCFPS has been decreased from the same period last year due to higher VAT, SD, HDSC and tax payments and reduced receipts from customers due to credit. (end)
The first part of this announcement is missing from the archive. - 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 July 23, 2023 at 6:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2023.
- Resignation and Appointment of Directors
The company has informed that Amun Mustafiz has resigned as the Director of the company and Nirala Singh has been appointed as the new Director of the company.
- The company has informed that the Board of Directors of the company approved the investment decision amounting to BDT 60
The company has informed that the Board of Directors of the company approved the investment decision amounting to BDT 60.70 crore for Company\'s factory. Details of the investment are as follows: 1. Purchase of Winnower Tobacco Recovery (WTR) equipment equivalent to BDT 10.90 Crore, 2. Purchase of Machine 20s Hinge-lid maker and packer line equivalent to BDT 27.60 Crore and (cont.)
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 8.44 for January-March 2023 as against Tk. 7.73 for January-March 2022. NOCFPS was Tk. (2.09) for January-March 2023 as against Tk. 6.11 for January-March 2022. NAV per share was Tk. 74.71 as on March 31, 2023 and Tk. 60.86 as on March 31, 2022. EPS increased from same period last year driven by volume growth and higher leaf export. NOCFPS decreased from same period last year due to higher VAT, SD, HDSC and tax payments.
- Investment decision in company's factory
(Continuation news of BATBC): 3. Purchase of Centralized Online UPS equivalent to BDT 22.20 Crore. The company has also informed that this investment would enhance the capacity and productivity improvement of the company. The investment will be funded from internal sources and bank financing based on Cash flow of the Company. (end)
The first part of this announcement is missing from the archive. - 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 May 10, 2023 at 7:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2023.
- Dividend Disbursement
The Company has informed that it has disbursed the final cash dividend for the year ended December 31, 2022 to the respective shareholders.
- Credit Rating Result
Credit Rating Information and Services Limited (CRISL) has rated the company as 'AAA' in the long term and 'ST-1' in the short term along with Stable outlook in consideration of its audited financials up to December 31, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
- The Company has requested the Stock Brokerage Houses who are holding the Company\'s shares to provide the list of margin
The Company has requested the Stock Brokerage Houses who are holding the Company\'s shares to provide the list of margin holders\' names, shareholdings, e-TIN as of Record date (March 02, 2023) by March 23, 2023 positively for processing the dividend. The contact information is given below: E-mail address: [email protected], [email protected], [email protected]. (cont.)
- Update of Information
(Continuation news of BATBC): Mailing Address: Share Department, BAT Bangladesh, New DOHS Road Mohakhali, Dhaka-1206. Contact Number: 01313-701925; 01755-532753. (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 05.03.2023 after record date.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 02.03.2023 for AGM and EGM.
- Spot for AGM & EGM
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 with cum benefit from 28.02.2023 to 01.03.2023 and trading of the shares will remain suspended on record date i.e., 02.03.2023 for AGM & EGM.
- The auditor of the British American Tobacco Bangladesh Company Limited has given the \"Emphasis of Matter\" paragraphs i
The auditor of the British American Tobacco Bangladesh Company Limited has given the \"Emphasis of Matter\" paragraphs in the Auditor\'s Report for the year ended December 31, 2022. Emphasis of Matter: We draw attention to Note 44.1 to the financial statements, related to a Show Cause Notice issued by Large Taxpayer Unit - VAT dated 24 September 2020 following a High Court judgment claiming unpaid Value Added Tax and Supplementary Duties of (cont.1)
- (Continuation news of BATBC): BDT 24,371.00 million for low segment brands from 1 June 2017 to 6 June 2018. The Company
(Continuation news of BATBC): BDT 24,371.00 million for low segment brands from 1 June 2017 to 6 June 2018. The Company has filed an appeal against this ruling with the Appellate Division of the Supreme Court and obtained a stay on the matter. Our opinion is not modified in respect of this matter. Note 44.1-Litigation: The Company has various claims and legal actions arising in the ordinary course of business. (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of BATBC): Management believes that there is a strong defense against each of these claims and legal
(Continuation news of BATBC): Management believes that there is a strong defense against each of these claims and legal actions and is not expected to have a material impact on Company\'s financial statements. Such claims and legal actions include the following: In January 2019, a competitor filed a writ petition against Government and NBR by which it initially challenged the failure of Government to implement the closing budget speech of the Hon\'ble Finance Minister (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of BATBC): dated 27 June 2018 and reserving low segment for local brands. Thereafter, the competitor
(Continuation news of BATBC): dated 27 June 2018 and reserving low segment for local brands. Thereafter, the competitor instead challenged the exclusion of protection given to local brands of cigarette manufactured by local manufacturers and sought a direction to continue the protection so granted to the local manufacturers of cigarettes in pursuance of a 2017 Special Order. The competitor further challenged the legality of a 2018 Special Order of NBR through which (cont.4)
The first part of this announcement is missing from the archive. - (Continuation news of BATBC): the said protection was revoked. BATB was initially not a party to the writ petition, subs
(Continuation news of BATBC): the said protection was revoked. BATB was initially not a party to the writ petition, subsequently it became a party through an addition of party application. Upon hearing on multiple occasions, the High Court (HC) passed judgment in the matter on 21 September 2020. By holding the prospective portion of the 2018 Special Order legal, the court did not allow the discriminatory regime to continue. (cont.5)
The first part of this announcement is missing from the archive. - (Continuation news of BATBC): However, by holding illegal the retrospective portion of the 2018 Special Order, the Court
(Continuation news of BATBC): However, by holding illegal the retrospective portion of the 2018 Special Order, the Court revived the discriminatory regime for only one year, that is from 01 June 2017 to 06 June 2018 and held that any shortfall of revenue under the 2017 Special Order may be recovered from any party or manufacturer during the period of 01 June 2017 to 06 June 2018. (cont.6)
The first part of this announcement is missing from the archive. - Emphasis of Matter
(Continuation news of BATBC): Subsequently, the LTU-VAT issued a Show Cause Notice dated 24 September 2020 following the High Court judgment claiming unpaid VAT & SD of BDT 24,371.00 million from 01 June 2017 to 06 June 2018. BATB appealed against the HC Judgment before the Appellate Division and obtained an order of stay. Since High Court judgment is stayed, the LTU proceeding shall also be deemed to have been stayed. (end)
The first part of this announcement is missing from the archive. - The Board of Directors has recommended 100\% final cash dividend (Total 200\% Cash Dividend of the Financial Year ended
The Board of Directors has recommended 100\% final cash dividend (Total 200\% Cash Dividend of the Financial Year ended December 31, 2022 inclusive of 100\% Interim Cash Dividend, which has already been paid) for the year ended December 31, 2022. The company has informed that in view of the amendment to Article 77 of the Articles of Association of the Company, an Extraordinary General Meeting (EGM) shall be required to increase the number of directors of the Company as per the (cont.)
- Dividend Declaration and decision to hold EGM
(Continuation news of BATBC): BSEC Corporate Governance code. Date of EGM and AGM: 29.03.2023, Time of EGM and AGM: 10:30 AM and 11:00 AM respectively, Venue of EGM and AGM: Digital Platform. Record date of EGM and AGM: 02.03.2023. The Company has also reported EPS of Tk. 33.10, NAV per share of Tk. 76.27 and NOCFPS of Tk. 50.04 for the year ended December 31, 2022 as against Tk. 27.72, Tk. 68.13 and Tk. 14.73 respectively for the same period of the previous year. (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 (09.02.2023) 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 February 08, 2023 at 7:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2022.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.