Beach Hatchery Limited announcements
330 Dhaka Stock Exchange announcements for Beach Hatchery Limited (BEACHHATCH) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (17).
- Postponement of 23rd AGM of the Company
The Company has further informed that due to unavoidable circumstances, the 23rd AGM of the Company, scheduled to be held on December 24, 2018 has been postponed. The new date, time and venue of the AGM will be notified later.
- Observation
Observation: The auditor of the company has given the following "Observation" in the audit report of the company for the year ended on 30 June 2018: Observation: Our observation on some of the points are noted bellow: 1. Out of the total Accounts Receivable amount of Tk. 279,928,483/- [Note No.-06]TK. 100,825,550/- has been confirmed by the debtors directly to us, in response to our letter for balance confirmation circulated to them. The company has not made provision for bad and (cont.1) (Continuation news of BEACHHATCH): regarding the correctness of the said Bank liabilities. 4. That the Income Tax authority has issued letter dated 04.02.2015 claiming Tk. 1 9,335,561 as outstanding tax upto for the assessment year 2012 - 2013 (accounting year ended 31 December 2011) but the company has not made sufficient provision to meet up the said claim on the ground that they are under the process of appeal against such assessment orders. (end) (Continuation news of BEACHHATCH): Teknaf Branch, Teknaf stands at TK. 15,248,927/-[Note No.-11.00] and TK. 39,513,169/-[Note No.-12] respectively, but neither the Bank has re-scheduled the said loans nor the company has settled any amount during the year under audit. Though the company has made provision for interest during the year but could not provide us neither balance confirmation certificate nor any bank statement for said loan accounts. As such we could not satisfy ourselves (cont.3) (Continuation news of BEACHHATCH): doubtful debts during the year under audit. 2. That the balance of Advance, Deposit & Pre-payments TK. 3,845,245/- [Note NO.-07.00] for which no provision has been made for unadjusted /unrealizable advances as the management of the company considered the full amount of advances are good for realization /are adjustable, despite more than one year outstanding. 3. That the balance of project loan and working capital loan taken from Bangladesh Krishi Bank (BKB) (cont.2)
- Resumption after record date
Trading of the shares of the Company will resume on 28.11.2018 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 27.11.2018.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (0.09) for July-September, 2018 as against Tk. (0.10) for July-September, 2017; NOCFPS was Tk. (0.00) for July-September, 2018 as against Tk. (0.01) for July-September, 2017. NAV per share was Tk. 10.41 as on September 30, 2018 and Tk. 10.77 as on September 30, 2017.
- Spot News
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 from 13.11.2018 to 26.11.2018. Trading of the shares of the Company will remain suspended on record date i.e., 27.11.2018.
- 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 14, 2018 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Dividend Declaration
The Board of Directors has recommended No dividend for the year ended on June 30, 2018. Date of AGM: 24.12.2018, Time: 12:30 PM, Venue: Uttara Community Centre, House-20, Road-13/D, Sector-6, Uttara Model Town, Dhaka-1230. Record date: 27.11.2018. The Company has also reported EPS of Tk. (0.37), NAV per share of Tk. 10.50 and NOCFPS of Tk. (0.01) for the year ended on June 30, 2018 as against Tk. (0.39), Tk. 10.87 and Tk. (0.01) respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (31.10.2018) following its corporate declaration.
- 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 30, 2018 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Query Response
In response to a DSE query dated October 16, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Query Response
In response to a DSE query dated August 06, 2018, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike of shares.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.10) for January-March 2018 as against Tk. (0.13) for January-March 2017; EPS was Tk. (0.30) for July 2017-March 2018 as against Tk. (0.35) for July 2016-March 2017. NOCFPS was Tk. (0.01) for July 2017-March 2018 as against Tk. (0.01) for July 2016-March 2017. NAV per share was Tk. 10.58 as on March 31, 2018 and Tk. 10.87 as on June 30, 2017.
- 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, 2018 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Audit Observation
The auditor of the company has given the following "Audit Observation" Paragraph in the audit report of the company for the year ended on 30 June 2017. Audit Observation: 1. Out of the total Accounts Receivable amounting to Tk. 284,275,567 [Note No. -06] Tk. 102,140,725 has been confirmed by the debtors directly to us in response to our letter for balance confirmation circulated to them. The company has not made provision for bad and doubtful debts during the year under audit. (Cont. 1) (Continuation news of BEACHHATCH): 4. That the Income Tax authority has issued letter dated 04.02.2015 claiming Tk. 1,93,35,561 as outstanding tax up to for the assessment year 2012-2013 (accounting year ended on 31 December 2011) but the company has not made sufficient provision to meet up the said claim on the ground that they are under the process of appeal against assessment orders. (end) (Continuation news of BEACHHATCH): and Tk. 36,250,614 [Note No.-12] respectively, but neither the bank has re-scheduled the said loans nor the company has made provision for interest during the year but could not provide us neither balance confirmation certificate nor any bank statement for said loan accounts. As such we could not satisfy ourselves regarding the correctness of the said Bank liabilities. (Cont. 3) (Continuation news of BEACHHATCH): 2. That the balance of Advance, Deposit & Pre-payment TK. 4,834,914 [Note No. 07] for which no provision has been made for un-adjusted/un-realizable advance as the management of the company considered full amount of advances are good for realization/are adjustable despite more than one year outstanding. 3. That the balance of project loan and working capital loan taken from Bangladesh Krishi Bank (BKB) Teknaf Branch, Teknaf stands at Tk. 13,989,842 [Note No. 11] (Cont. 2)
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (0.10) for October-December, 2017 as against Tk. (0.11) for October-December, 2016; EPS was Tk. (0.20) for July-December, 2017 as against Tk. (0.22) for July-December, 2016. NOCFPS was Tk. (0.01) for July-December, 2017 as against Tk. (0.01) for July-December, 2016. NAV per share was Tk. 10.67 as on December 31, 2017 and Tk. 10.87 as on June 30, 2017.
- 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 30, 2018 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, 2017.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.