BBS Cables PLC. announcements
162 Dhaka Stock Exchange announcements for BBS Cables PLC. (BBSCABLES) since 2017: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (27).
- Resumption after record date
Trading of the shares of the Company will resume on 21.11.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 20.11.2022
- 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 with cum benefit from 16.11.2022 to 17.11.2022. Trading of the shares of the Company will remain suspended on record date i.e., 20.11.2022.
- (Q1 Un-audited): EPS was Tk. 0.15 for July-September 2022 as against 1.32 for July-September 2021; NOCFPS was Tk. 1.01 f
(Q1 Un-audited): EPS was Tk. 0.15 for July-September 2022 as against 1.32 for July-September 2021; NOCFPS was Tk. 1.01 for July-September 2022 as against Tk. 0.68 for July-September 2021. NAV per share was Tk. 35.10 as on September 30, 2022 and Tk. 34.96 as on June 30, 2022. Reasons for significant deviation: EPS has been decreased as the COGS has been increased due to increase in the prices of the raw materials in the international market. (cont.)
- Q1 Financials
(Continuation news of BBSCABLES): On the other hand, devaluation of BDT against foreign currencies, especially US Dollars and the Govt. tender or projects has been decreased due to country's economic crisis which is one of the major sources of revenue. NOCFPS has been increased as the cash collection has increased compared to the last year. NAV has been increased due to increase of the assets 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 November 10, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2022.
- The Board of Directors has recommended 8\% cash and 5\% stock dividend for the year ended June 30, 2022. Date of AGM: 22
The Board of Directors has recommended 8\% cash and 5\% stock dividend for the year ended June 30, 2022. Date of AGM: 22.12.2022, Time: 11:00 AM, Venue: Digital Platform. Record date: 20.11.2022. The Company has also reported EPS of Tk. 4.01, NAV per share of Tk. 34.96 and NOCFPS of Tk. 1.66 for the year ended June 30, 2022 as against Tk. 4.61, Tk. 31.90 and Tk. 3.47 respectively for the same period of the previous year. (cont.1)
- (Continuation news of BBSCABLES): The Company has informed that the Board has also approved BDT 10.10 Crore for purchasi
(Continuation news of BBSCABLES): The Company has informed that the Board has also approved BDT 10.10 Crore for purchasing land, building and capital machineries for business expansion. Reasons for declaration of stock dividend: i) Bonus shares have been recommended in view to utilize its retained amount as capital for business expansion. ii) Bonus shares are declared out of accumulated profit. iii) Bonus shares are not declared from capital reserve or revaluation reserve or any unrealized gain (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of BBSCABLES): or out of profit earned prior to incorporation of the Company or through reducing paid
(Continuation news of BBSCABLES): or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post-dividend retained earnings become negative or a debit balance. Reasons for deviation in EPS, NAV and NOCFPS: a) EPS- Due to increase of the prices of the raw materials in the international market, the COGS has been increased. On the other hand, the Government tender or projects have been decreased due to (cont.3)
The first part of this announcement is missing from the archive. - The auditor of the BBS Cables Limited has given the \"Qualified Opinion & Emphasis of Matter\" paragraphs in the auditor
The auditor of the BBS Cables Limited has given the \"Qualified Opinion & Emphasis of Matter\" paragraphs in the auditor\'s report for the year ended June 30, 2022. Basis for Qualified Opinion: The company has not maintained fixed assets register appropriately and consequently we were unable to ascertain the appropriateness of carrying value of the Property, Plant and Equipment of the company as shown in note no. 05 to the financial statements. (cont.1)
- (Continuation news of BBSCABLES): In addition, we could not obtain the audit report on Workers Participation Fund and Wo
(Continuation news of BBSCABLES): In addition, we could not obtain the audit report on Workers Participation Fund and Workers Welfare Fund as required by Labor Act 2006. Emphasis of matters: We draw attention to note no. 11.02 to the financial statements which describe about lien of FDR against loan accounts. Furthermore, we draw attention to note no. 30 to the financial statements which describe the royalty income of BBS Cables Ltd. (cont.2)
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 (27.10.2022) following its corporate declaration.
- Dividend Declaration & Purchase of Land, Building and Machineries
(Continuation news of BBSCABLES): country's economic crisis which is one of the main sources of revenue. As a result, the EPS of the company has decreased in the year 2021-2022. b) NAVPS increased due to increase the assets of the company. c) NOCFPS decreased as the cash collection decreased due to World Economic Crisis and Corona Virus (COVID-19) situation. comparing to the last year. (end)
The first part of this announcement is missing from the archive. - Qualified Opinion & Emphasis of Matter
(Continuation news of BBSCABLES): from BBS Cables (Unit 2) Ltd. for using of goodwill of BBS Cables Ltd. In addition, we draw attention to note no. 39.00 to the financial statements which describes the related party arrangements of BBS Cables Ltd. with no. of commonly controlled entities. Our Opinion is not modified in respect of these matters. (end)
The first part of this announcement is missing from the archive. - 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 26, 2022 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2022.
- Sales Contract with China Communications Construction Compnay Ltd.
The Company has informed that they have ink signed into agreements under the package with China Communications Construction Compnay Ltd. (CCCC) for supplying Power Cable, Control Cable etc. for a total amounting of BDT. 47,24,92,704.00. The goods will be delivered within Ninety days from the date of signing.
- (Q3 Un-audited): EPS was Tk. 0.64 for January-March 2022 as against Tk. 1.01 for January-March 2021; EPS was Tk. 3.16 fo
(Q3 Un-audited): EPS was Tk. 0.64 for January-March 2022 as against Tk. 1.01 for January-March 2021; EPS was Tk. 3.16 for July 2021-March 2022 as against Tk. 3.90 for July 2020-March 2021. NOCFPS was Tk. 1.11 for July 2021-March 2022 as against Tk. 3.35 for July 2020-March 2021. NAV per share was Tk. 34.12 as on March 31, 2022 and Tk. 31.90 as on June 30, 2021. (cont.)
- Q3 Financials
(Continuation news of BBSCABLES): Reason for Significant deviation in EPS, NAV per share and NOCFPS: EPS decreased due to decrease the govt. tender during the period, the revenue has declined and raw material cost increased. NAV per share has increased due to increase of the assets of the Company. NOCFPS has decreased due to decrease in cash collection for Corona Virus (COVID-19). (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 April 21, 2022 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2022.
- National Credit Ratings Limited (NCR) has announced the surveillance entity rating of the Company as \"A+\" in the long
National Credit Ratings Limited (NCR) has announced the surveillance entity rating of the Company as \"A+\" in the long term and \"ST-2\" in the short term along with a stable outlook based on audited financial statements as on June 30, 2021.
- (Q2 Un-audited): EPS was Tk. 1.20 for October-December 2021 as against Tk. 1.62 for October-December 2020; EPS was Tk. 2
(Q2 Un-audited): EPS was Tk. 1.20 for October-December 2021 as against Tk. 1.62 for October-December 2020; EPS was Tk. 2.52 for July-December 2021 as against Tk. 2.89 for July-December 2020. NOCFPS was Tk. 0.64 for July-December 2021 as against Tk. 2.16 for July-December 2020. NAV per share was Tk. 33.47 as on December 31, 2021 and Tk. 31.90 as on June 30, 2021.
- Q2 Financials
(Continuation news of BBSCABLES): The company has also informed that EPS of the Company has decreased due to the outbreak of deadly Corona Virus (COVID 19). NAV has increased due to increase of the assets of the Company. NOCFPS has also decreased due to Corona Virus (COVID 19). (end)
The first part of this announcement is missing from the archive. - Dividend Disbursement
The Company has informed that it has credited the Bonus shares for the year ended June 30, 2021 to the respective shareholders' BO Accounts and it has also disbursed the cash dividend to the respective shareholders.
- 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 26, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2021.
- Sale Confirmation of a Corporate Director
Bangladesh Building Systems Ltd., one of the Corporate Directors of the Company, has further reported that it has completed its sale of 11,00,000 shares of the Company at prevailing market price through Chittagong Stock Exchange as per declaration disseminated on 12.01.2022.
- Sale Declaration of a Corporate Director
Bangladesh Building Systems Ltd., one of the Corporate Directors of the Company, has expressed its intention to sell 11,00,000 shares out of its total holding of 2,84,04,500 shares of the Company at prevailing market price (in the Block Market) through Chittagong Stock Exchange within next 30 working days.
- Sale Confirmation of a Corporate Director
Bangladesh Building Systems Ltd. one of the Corporate Directors of the Company, has further reported that it has completed its sale of 25,00,000 shares of the Company at prevailing market price through Stock Exchange (CSE) as per declaration disseminated on 26.12.2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.