Bangladesh Welding Electrodes Ltd. announcements
317 Dhaka Stock Exchange announcements for Bangladesh Welding Electrodes Ltd. (BDWELDING) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2013 (13).
- (Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2013 (July'13 to Sep'13), the Com
(Q3): As per un-audited quarterly accounts for the 3rd quarter ended on 30th September 2013 (July'13 to Sep'13), the Company has reported net profit after tax of Tk. 5.72 million with EPS of Tk. 0.14 as against Tk. 12.73 million and Tk. 0.31 (restated) respectively for the same period of the previous year. Whereas net profit after tax was Tk. 17.67 million with EPS of Tk. 0.43 for the period of nine months (Jan'13 to Sep'13) ended on 30.09.2013 as against Tk. 20.71 million and Tk. 0.51 (restated) respectively for the same period of the previous year.
- (H/Y): As per un-audited half yearly accounts as on 30.06.2013 (Jan'13 to June'13), the Company has reported net profit
(H/Y): As per un-audited half yearly accounts as on 30.06.2013 (Jan'13 to June'13), the Company has reported net profit after tax of Tk. 11.95 million with EPS of Tk. 0.29 as against Tk. 7.98 million and Tk. 0.20 (restated) respectively for the same period of the previous year. Whereas net profit/(loss) after tax was Tk. 1.86 million with EPS of Tk. 0.05 for the period of 3 months (Apr'13 to June'13) ended on 30.06.2013 as against Tk. (6.02) million and Tk. (0.15) (restated) respectively for the same period of the previous year.
- The Company has further informed that due to some unavoidable circumstances the Board of Directors of the Company has de
The Company has further informed that due to some unavoidable circumstances the Board of Directors of the Company has decided to shift the venue of AGM to be held on 15.06.2013 from Factory Premises at D-4, Sholashore Industrial Area, Chittagong to Institution of Engineers, Bangladesh Ramna, Dhaka-1000. Time, date and other issues related to AGM will remain unchanged.
- Auditor Opinion
"Saha Mazumder & Co.", Auditor of the company, has opined the following in the audit report of the company for the year ended on 31st December 2012: "(1.0) Inventories: Reference Note No. 21.00: Inventories Include- Value of Raw Materials inherited from GOB in 1983 amounting to Tk. 13,536,902 and Value of Raw Materials & Others damaged by flood in 2000 amounting to Tk. 29,098,090 in total amounting to Tk. 42,634,992. There is no existence of the raw materials of TK. 13,536,902 inherited from GOB in 1983. The inventories (Raw Materials and others) damaged by flood in the year 2000 valued TK. 29,098,090 are not useable and lying in the godown as obsolete. Nothing has been written off in these Financial Statements under these heads for which inventories and value thereof do not conform to the requirement of BAS-2." (2.00) Prior year's Adjustment: Reference note No. 56.00: "These include TK. 27,844,622 under heads of deferred revenue expenses and retained earnings (as noted below) accumulated since years prior to 1998, on interest waiver by Agrani Bank Ltd., which was not adjusted until last year. We noted that this accounting treatment was not made in previous years as per BAS-8, which is now being adjusted as below: Adjustment with Retained Earnings amounting to TK. 8,810,232 and Adjustment with Deferred Revenue Expenses amounting to TK. 19,034,390 in total amounting to TK. 27,844,622."
- (Auditor Opinion): "Saha Mazumder & Co.", Auditor of the company, has opined the following in the audit report of the co
(Auditor Opinion): "Saha Mazumder & Co.", Auditor of the company, has opined the following in the audit report of the company for the year ended on 31st December 2012: "(1.0) Inventories: Reference Note No. 21.00: Inventories Include- Value of Raw Materials inherited from GOB in 1983 amounting to Tk. 13,536,902 and Value of Raw Materials & Others damaged by flood in 2000 amounting to Tk. 29,098,090 in total amounting to Tk. 42,634,992. There is no existence of the raw materials of TK. 13,536,902 inherited from GOB in 1983. The inventories (Raw Materials and others) damaged by flood in the year 2000 valued TK. 29,098,090 are not useable and lying in the godown as obsolete. (cont).
- (Continuation of news of BDWELDING): Nothing has been written off in these Financial Statements under these heads for wh
(Continuation of news of BDWELDING): Nothing has been written off in these Financial Statements under these heads for which inventories and value thereof do not conform to the requirement of BAS-2." (2.00) Prior year's Adjustment: Reference note No. 56.00: "These include TK. 27,844,622 under heads of deferred revenue expenses and retained earnings (as noted below) accumulated since years prior to 1998, on interest waiver by Agrani Bank Ltd., which was not adjusted until last year. We noted that this accounting treatment was not made in previous years as per BAS-8, which is now being adjusted as below: Adjustment with Retained Earnings amounting to TK. 8,810,232 and Adjustment with Deferred Revenue Expenses amounting to TK. 19,034,390 in total amounting to TK. 27,844,622."
The first part of this announcement is missing from the archive. - Normal trading of the shares of the Company will resume on 16.05.2013 after record date.
Normal trading of the shares of the Company will resume on 16.05.2013 after record date.
- (Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2013 (Jan'13 to March'13), the Compan
(Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2013 (Jan'13 to March'13), the Company has reported net profit after tax of Tk. 10.09 million with basic EPS of Tk. 0.26 as against Tk. 11.57 million and Tk. 0.30 (restated) respectively for the same period of the previous year. However, considering proposed bonus share @ 5% for the year 2012, restated basic EPS will be Tk. 0.25 as on 31.03.2013 and Tk. 0.28 as on 31.03.2012.
- Trading of the shares of the Company will remain suspended on record date i.e., 15.05.2013.
Trading of the shares of the Company will remain suspended on record date i.e., 15.05.2013.
- Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be
Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 12.05.2013 to 14.05.2013. Trading of the shares of the Company will remain suspended on record date i.e., 15.05.2013.
- There will be no price limit on the trading of the shares of the Company today (30.04.2013) following its corporate decl
There will be no price limit on the trading of the shares of the Company today (30.04.2013) following its corporate declaration.
- The Board of Directors has recommended stock dividend @ 5% for the year ended on December 31, 2012. Date of AGM: 15.06.2
The Board of Directors has recommended stock dividend @ 5% for the year ended on December 31, 2012. Date of AGM: 15.06.2013, Time: 11:30 AM, Venue: Factory Premises at D-4, Sholashore Industrial Area, Chittagong. Record date: 15.05.2013. The Company has also reported EPS of Tk. 0.35, NAV per share of Tk. 17.66 and NOCFPS of Tk. 2.60 for the year ended on December 31, 2012 as against Tk. 0.41, Tk. 18.04 and Tk. (1.47) respectively for the year ended on December 31, 2011.
- As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will
As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on April 29, 2013 at 5:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2012.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.